The StarMine team has selected five European companies, using Refinitiv Eikon, that we expect to beat 20Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data. In July 2020, we posted our FY 2019 European results, which was 100% accurate. To read more click here. Our European picks for positive Predicted Surprises in 20Q3 are — Dialog Semiconductor PLC (DLGS.DE), Electrolux AB (ELUXb.ST), GN Store Nord A/S (GN.CO), Orkla ASA (ORK.OL), and Valmet Oyj (VALMT.HE). 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.

With 75% of companies reporting earnings for Q2 2020, we provide an update to the STOXX 600 Q2 2020 Earnings Preview posted last month. In the preview, it was noted that Q2 earnings growth was expected to be -53.9%, which is the worst quarter since inception of this report. We also found that analysts started to make aggressive downward revisions to Q2 earnings estimates in mid-March and continued to do so until early May. It appears that the aggressive downgrades laid the foundation for companies to beat consensus expectations more easily. When looking at the Earnings Season App in Refinitiv

The StarMine team has selected five North American companies, using Eikon Screener by Refinitiv, that we expect to miss 20Q1 earnings estimates, based on StarMine SmartEstimate® and Predicted Surprise data from Refinitiv. Our North American selections for 2019 Q4 negative Predicted Surprises were 80% accurate, which can be viewed here. Historically (since 2011 Q4), our negative Predicted Surprise picks have demonstrated an accuracy rate of about 64.8%, giving investors an edge ahead of earnings announcements. Our North American picks for negative Predicted Surprises in 2020 Q1 are — Navistar International Corp (NAV.N), Capri Holdings Ltd (CPRI.N), Ford Motor Co (F.N), Sabre Corp (SABR.O), and Cinemark

In January 2020 we published our top ten second quarter earnings surprise candidates based on StarMine predictive analytics models. Of these 19Q4 North American earnings surprise candidates picks, 80% 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 78%.

In Apr. 2019 we published our top ten second quarter earnings surprise candidates based on StarMine predictive analytics models. Of these 19Q1 North American 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 78%.

StarMine models choose European companies that may post positive earnings surprises.

StarMine models indicated the direction of first-quarter earnings.