The StarMine team has selected five Russell 1000 companies, using Refinitiv Workspace, that we expect to beat 22Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our Russell 1000 selections for 2022 Q2 positive Predicted Surprises were 80% accurate, which can be viewed here.
Our Russell 1000 picks for positive Predicted Surprises in 22Q3 are Range Resources Corp (RRC.N), Enphase Energy Inc (ENPH.OQ), Paylocity Holding Corp (PCTY.OQ), Ashland Inc (ASH.N), and DICK’S Sporting Goods Inc (DKS.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%.
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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