October 4, 2018

StarMine Models Pick North American Companies for 18Q3 Earnings Beats

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%.

Positive surprise predictions

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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