In 2021, we expect to see a year of high expectations for earnings growth as we exit 2020, which saw growth rates plummet during the first three quarters to levels not seen since the 2008 crisis. The earnings growth forecast for 2021 is currently 25.9%, the highest since 2010. In a typical quarter, year-over-year (YoY) growth expectations decline by an average of 3.5 percentage points (ppts) from the start of the quarter to the start of earnings season. Seeing an increase in growth expectations heading into earnings season is fairly uncommon, but we have seen exactly this behavior for the

The StarMine team has selected five North American companies, using Eikon Screener by Refinitiv, that we expect to miss 20Q2 earnings estimates, based on StarMine SmartEstimate® and Predicted Surprise data from Refinitiv. All of our North American selections for 2020 Q1 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 65.9%, giving investors an edge ahead of earnings announcements. StarMine SmartEstimates® help you better predict future earnings and analyst revisions with estimates that place more weight on recent forecasts by top-rated analysts. SmartEstimates® are created in

Over the past two years, retailers and conglomerates have been concerned about the Chinese trade war. As the new decade starts, however, a new threat has emerged as the coronavirus spread in China during its New Year holiday. The World Health Organization has declared a global health emergency, as officials said the virus had killed more than 425 people and sickened nearly 20,000 as of the beginning of February. The vast majority of the cases have been located in China. Fear of economic disruption due to the virus has been weighing hard on global stock markets, the travel industry and

In Oct 2018 we published our top ten second quarter earnings surprise candidates based on StarMine predictive analytics models. Of these 18Q3 North American earnings surprise candidates picks, 90% 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%.

The StarMine team has selected five North American companies, using Eikon Screener by Refinitiv, that we expect to miss 18Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data. Our North American selections for 2018 Q2 negative Predicted Surprises were 40% accurate, which can be seen here. Historically (since 2011 Q4), our negative Predicted Surprise picks have demonstrated an accuracy rate of about 65.4%, giving investors an edge ahead of earnings announcements. Our North American picks for negative Predicted Surprises in 2018 Q3 are — EQT Midstream Partners LP (EQM.N), Freeport-McMoRan Inc (FCX.N), Wynn Resorts Ltd (WYNN.O), Equinix Inc (EQIX.O), and Visteon Corp (VC.O) . SmartEstimates®

In October 2017 we published our top ten first quarter earnings surprise candidates based on StarMine predictive analytics models. These 17Q3 North American earnings surprise candidates outperformed the S&P 500’s earnings beat and miss rates by 68.4 percentage points (ppts). 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

A historic week saw the Dow Jones Industrials Average (.DJI) close above 20K for the first time, President Trump’s first week in office, and a flood of fourth quarter earnings from 108 S&P 500 constituents.