by David Aurelio.
The StarMine team has selected five North American companies, using Eikon Screener by Refinitiv, that we expect to beat 18Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our North American selections for 2018 Q2 positive Predicted Surprises were 50% accurate, which can be seen here. Historically (since 2011 Q4), our positive Predicted Surprise picks have demonstrated an accuracy rate of about 80.6%, giving investors an edge ahead of earnings announcements.
Our North American picks for positive Predicted Surprises in 2018 Q3 are — United Rentals Inc (URI.N), Newfield Exploration Co (NFX.N), Neurocrine Biosciences Inc (NBIX.O), Progressive Corp (PGR.N), and Paccar Inc (PCAR.O).
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%.
United Rentals Inc (URI.N)
Newfield Exploration Co (NFX.N)
Neurocrine Biosciences Inc (NBIX.O)
Progressive Corp (PGR.N)
Paccar Inc (PCAR.O)
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