by Tajinder Dhillon.
Our Russell 1000 selections for 2023 Q2 were 80% accurate, which can be viewed here.
Our Russell 1000 picks for negative Predicted Surprises in 23Q3 are Norfolk Southern Corp (NSC.N), United Parcel Service Inc (UPS.N), International Flavors & Fragrances Inc (IFF.N), Advance Auto Parts Inc (AAP.N), and RH (RH.N).
SmartEstimates® aim to provide earnings forecasts that are more accurate than I/B/E/S Consensus Estimates, by putting more weight on the recent forecasts of top-rated analysts. When SmartEstimates® diverge significantly from Consensus, you can anticipate the occurrence of earnings surprises with an accuracy rate of 70%. Revenue SmartEstimates® are even more predictive of surprises, with a historical accuracy rate of 78%.
Interested in learning how you can use the StarMine SmartEstimate® and Predicted Surprise® to avoid earnings misses and find earnings beats? Learn more here.
LSEG offers a powerful combination of content, analytics and tools for better investment research, find out more.