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by Tajinder Dhillon.
The StarMine team has selected five Russell 1000 companies, using LSEG Workspace, that we expect to miss 24Q1 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our Russell 1000 selections for 2023 Q4 were 90% accurate, which can be viewed here.
Our Russell 1000 picks for negative Predicted Surprises in 24Q1 are J B Hunt Transport Services (JBHT.O), EQT (EQT.N), Wilscot Mobile Mini Holdings (WSC.O), Caesars Entertainment (CZR.O), and RH (RH)
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.