July 17, 2018

StarMine Models Pick North American Companies for 18Q2 Earnings Beats

by Tajinder Dhillon.

The StarMine team has selected five North American companies, using Thomson Reuters’ Eikon Screener, that we expect to beat 18Q2 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our North American selections for 2018 Q1 positive Predicted Surprises were 100% 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 Q2 are — Align Technology Inc (ALGN.O), Amazon.com Inc (AMZN.O), Whiting Petroleum Corp (WLL.N), Rice Midstream Partners LP (RMP.N), and Solaredge Technologies Inc (SEDG.OQ).

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

Align Technology Inc (ALGN.O)


Sources: Thomson Reuters Eikon, Thomson Reuters StarMine

 

Amazon.com Inc (AMZN.O)


Sources: Thomson Reuters Eikon, Thomson Reuters StarMine

 

Whiting Petroleum Corp (WLL.N)


Sources: Thomson Reuters Eikon, Thomson Reuters StarMine

 

Rice Midstream Partners LP


Sources: Thomson Reuters Eikon, Thomson Reuters StarMine

 

Solaredge Technologies Inc


Sources: Thomson Reuters Eikon, Thomson Reuters StarMine

 

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