by David Aurelio.
The StarMine team has selected five Asian companies, using the Eikon Screener, that we expect to misses earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Historically, our picks have demonstrated an accuracy rate of about 73% accurate, giving investors an edge ahead of earnings announcements.
Our Asian picks for negative Predicted Surprises in FY2017 are — CSC Financial Co Ltd (6066.HK), Shandong Denghai Seeds Co Ltd (002041.SZ), Lafarge Malaysia Bhd (LAFA.KL), Huadian Power International Corp Ltd (600027.SS), and PCCW Ltd (0008.HK).
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%.
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Which 5 Asia companies does our StarMine team predict will beat earnings expectations? Find out here.