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

The StarMine team has selected five U.S. exchange traded companies, using the Eikon Screener, that we expect to miss 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 negative Predicted Surprises this quarter are — Atento SA (ATTO.N), FibroGen Inc. (FGEN.OQ), Madison Square Garden Co. (MSG.N), Teekay Tankers Ltd. (TNK.N), and Vulcan Materials Co. (VMC.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%.

Negative surprise predictions

Atento SA (ATTO.N)

Source: StarMine

FibroGen Inc (FGEN.OQ)

Source: StarMine

Madison Square Garden Co (MSG.N)

Source: StarMinee

Teekay Tankers Ltd (TNK.N)

Source: StarMine

Vulcan Materials Co (VMC.N)

Source: StarMine

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