To date, 128 of the 195 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2024, representing 66% of the index. Of those companies that have reported their quarterly results, 74% announced profits that beat analysts’ expectations, while 7% delivered on-target results and 19% reported earnings that fell below estimates. The Q4 2024 blended earnings growth estimate now stands at 14.4%. The blended revenue growth estimate for the 195 companies in this index is 4.0% for Q4 2024. Of those companies that have reported their quarterly results so far, 73% announced revenue that exceeded analysts’ expectations and

To date, 140 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2023, representing 68% of the index. Of those companies that have reported their quarterly results, 68% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 28% reported earnings that fell below estimates. The Q4 2023 blended earnings growth estimate now stands at 34.4%. The blended revenue growth estimate for the 204 companies in this index is 4.5% for Q4 2023. Of those companies that have reported their quarterly results so far, 56% announced revenue that exceeded analysts’ expectations and

Historically, Cyber Monday falls on the Monday after the Black Friday weekend. Cyber Monday discounts tend to be an extension of Black Friday deals for shoppers returning to the office after a holiday weekend, eyeing merchandise online. Like Black Friday this year, Cyber Monday deals are starting earlier in the hopes that shoppers will respond over the weekend. This comes at the heels of third-quarter earnings releases where retailers are providing cautious guidance and are warning of a price-sensitive consumer. So, will the promotions be enough to entice shoppers to open their wallets? LSEG holiday sales forecast Spending for the

To date, 153 of the 205 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2023, representing 75% of the index. Of those companies that have reported their quarterly results, 68% announced profits that beat analysts’ expectations, while 5% delivered on-target results and 27% reported earnings that fell below estimates. The Q3 2023 blended earnings growth estimate now stands at 26.9%. The blended revenue growth estimate for the 205 companies in this index is 4.2% for Q3 2023. Of those companies that have reported their quarterly results so far, 59% announced revenue that exceeded analysts’ expectations and

In past few days, you may have seen a flurry of news articles about the high-profile bankruptcy of Yellow Corporation (YELL.O). While this media attention is very recent, our StarMine credit risk models have been detecting significant trouble for more than 10 months. The StarMine Combined Credit Risk quantitative model significantly downgraded Yellow to an implied rating of CCC in early November 2022, well ahead of the humans at ratings agencies. Exhibit 1: StarMine Combined Credit Risk Model Source: StarMine The StarMine Combined Credit Risk model is an optimal combination of our three credit risk models (Structural, SmartRatios, Text Mining),

It’s Amazon Prime Week, and every year retailers ride the coattails of Prime Week with their own sales. During the last earnings season, most retailers agreed that consumers are cautious and are trading down. Therefore, this Prime Week, retailers are betting that heavy promotions will entice shoppers to open up their wallets, especially since consumers have become value oriented. There is no doubt consumers will be doing online price comparison this week and other retailers are hoping to capitalize on this phenomenon by offering steep discounts. Rising online discounts Amazon will offer these deals primarily online and only to its

To date, 151 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 74% of the index. Of those companies that have reported their quarterly results, 79% announced that profits beat analysts’ expectations, while 1% delivered on-target results and 20% reported earnings that fell below estimates. The Q1 2023 blended earnings growth estimate now stands at 32.3%. The blended revenue growth estimate for the 204 companies in this index is 4.4% for Q1 2023. Of those companies that have reported their quarterly results so far, 75% announced revenue that exceeded analysts’ expectations and

To date, 140 of the 204 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2023, representing 67% of the index. Of those companies that have reported their quarterly results, 79% announced that profits beat analysts’ expectations, while 1% delivered on-target results and 20% reported earnings that fell below estimates. The Q1 2023 blended earnings growth estimate now stands at 30.9%. The blended revenue growth estimate for the 201 companies in this index is 4.3% for Q1 2023. Of those companies that have reported their quarterly results so far, 79% announced revenue that exceeded analysts’ expectations and

To date, 173 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2022, representing 86% of the index. Of those companies that have reported their quarterly results, 66% announced that profits beat analysts’ expectations, while 3% delivered on-target results and 31% reported earnings that fell below estimates. The Q4 2022 blended earnings growth estimate now stands at -21.6%. The blended revenue growth estimate for the 173 companies that have reported is 5.7% for Q4 2022. Of those companies that have reported their quarterly results so far, 65% announced revenue that exceeded analysts’ expectations and

In October 2022 we published our 22Q3 earnings surprise candidates based on StarMine predictive analytics. Using the Russell 1000 Index as our universe, our 22Q3 earnings surprise predictions scored 80% correct. The StarMine SmartEstimate®  is a weighted average of analyst estimates, with more weight given to more recent estimates and more accurate analysts. Our research has shown that when the SmartEstimate® differs significantly from the consensus (I/B/E/S 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%.

The StarMine team has selected five Asia companies, using the Screener app by Refinitiv Workspace, that we expect to miss FY22 earnings estimates, based on SmartEstimate® and Predicted Surprise data. Our Asia selections for FY21 were 80% accurate, which can be seen here. Our Asia picks for negative Predicted Surprises in FY22 are — SK Hynix Inc (000660.KS), Nan Ya Plastics Corp (1303.TW), Xtep International Holdings Ltd (1368.HK), Merida Industry Co Ltd (9914.TW), and Sunny Optical Technology Group Co Ltd (2382.HK). StarMine SmartEstimate® aims to provide earnings forecasts that are more accurate than I/B/E/S Consensus Estimates, by putting more weight on

The StarMine team has selected five Asia companies, using the Screener app in Refinitiv Workspace, that we expect to beat FY22 earnings estimates, based on SmartEstimate® and Predicted Surprise data. Our Asia selections for FY21 were 80% accurate, which can be seen here. Our Asia picks for positive Predicted Surprises in FY22 are — Hankook Tire & Technology Co Ltd (161390.KS), KT&G Corp (033780.KS), Sumco Corp (3436.T), SM Entertainment Co Ltd (041510.KQ), and Rakus Co Ltd (3923.T). StarMine SmartEstimate® aims to provide earnings forecasts that are more accurate than I/B/E/S Consensus Estimates, by putting more weight on the recent forecasts of