StarMine Models Pick Russell 1000 Companies for 24Q2 Earnings Beats

The StarMine team has selected five Russell 1000 companies, using LSEG Workspace, that we expect to beat 24Q2 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our Russell 1000 selections for 2024 Q1 were 90% accurate, which can be viewed here.

Our Russell 1000 picks for positive Predicted Surprises in 24Q2 are CH Robinson Worldwide (CHRW.OQ), Meta Platforms (META.OQ), MGM Resorts (MGM.N), Amazon.com (AMZN.OQ), and Paylocity Holding (PCTY.OQ).

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%.

Positive surprise predictions

Interested in learning how you can use the StarMine SmartEstimate® and Predicted Surprise® to avoid earnings misses and find earnings beats? Learn more here.

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