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%.
Align Technology Inc (ALGN.O)
Amazon.com Inc (AMZN.O)
Whiting Petroleum Corp (WLL.N)
Rice Midstream Partners LP
Solaredge Technologies Inc
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