StarMine Models Pick U.S. Exchange Traded Companies for Earnings Beats

The StarMine team has selected five U.S. exchange traded companies, using the Eikon Screener, that we expect to beat earnings estimates, based on SmartEstimate and Predicted Surprise data.

Historically, our selections have demonstrated an accuracy rate of about 75%, giving investors an edge ahead of earnings announcements.

Our picks for positive Predicted Surprises this quarter are — Acacia Communications Inc (ACIA.OQ), AMC Entertainment Holdings Inc (AMC.OQ), Amphastar Pharmaceuticals Inc (AMPH.OQ), Blueknight Energy Partners LP (BKEPP.OQ), and NetEase Inc (NTES.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

Acacia Communications Inc (ACIA.OQ)

Source: StarMine

AMC Entertainment Holdings Inc (AMC.OQ)

Source: StarMine

Amphastar Pharmaceuticals Inc (AMPH.OQ)

Source: StarMine

Blueknight Energy Partners LP (BKEPP.OQ)

Source: StarMine

NetEase Inc (NTES.OQ)

Source: StarMine

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