April 10, 2018

StarMine Models Pick North American Companies for 18Q1 Earnings Beats

by David Aurelio

The StarMine team has selected five North American companies, using Thomson Reuters’ Eikon Screener, that we expect to beat 18Q1 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our North American selections for 2017 Q4 positive Predicted Surprises were 80% accurate, which can be seen here. Historically (since 2011 Q4), our positive Predicted Surprise picks have demonstrated an accuracy rate of about 80.8%, giving investors an edge ahead of earnings announcements.

Our North American picks for positive Predicted Surprises in 2018 Q1 are — South Jersey Industries Inc (SJI.N), CME Group Inc (CME.OQ), Caterpillar Inc (CAT.N), Energen Corp (EGN.N), and MSCI Inc (MSCI.N).

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%.

Positive surprise predictions

South Jersey Industries Inc (SJI.N)

CME Group Inc (CME.OQ)

Caterpillar Inc (CAT.N)

Energen Corp (EGN.N)

MSCI Inc (MSCI.N)

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