To date, 115 of the 196 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2024, representing 59% of the index. Of those companies that have reported their quarterly results, 72% announced profits that beat analysts’ expectations, while 8% delivered on-target results and 20% reported earnings that fell below estimates. The Q4 2024 blended earnings growth estimate now stands at 13.9%. The blended revenue growth estimate for the 196 companies in this index is 3.9% for Q4 2024. Of those companies that have reported their quarterly results so far, 72% announced revenue that exceeded analysts’ expectations and

Jharonne Martis, director of consumer research at Refinitiv, joins CNBC’s “Squawk Box” to discuss the latest quarterly earnings results in the retail sector, including Target Lowe’s and Home Depot. Republished from CNBC Squawkbox, original video available here.

In February 2019 we published our top ten Asia fiscal year 2018 earnings surprise candidates based on StarMine predictive analytics models. Of these FY18 Asia earnings surprise candidates picks, 70% were correct. The StarMine SmartEstimate®  is a weighted average of analyst estimates, with more weight given to more recent estimates and more accurate analysts. Our studies have shown that when the SmartEstimate® differs significantly from the consensus (IBES Mean), the Predicted Surprise accurately predicts the direction of earnings surprises or further revisions 70% of the time. When significant Predicted Surprise for revenue is also present for the period, the accuracy improves to