by David Aurelio.
The StarMine team has selected five North American companies, using Eikon Screener by Refinitiv, that we expect to miss 18Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our North American selections for 2018 Q2 negative Predicted Surprises were 40% accurate, which can be seen here. Historically (since 2011 Q4), our negative Predicted Surprise picks have demonstrated an accuracy rate of about 65.4%, giving investors an edge ahead of earnings announcements.
Our North American picks for negative Predicted Surprises in 2018 Q3 are — EQT Midstream Partners LP (EQM.N), Freeport-McMoRan Inc (FCX.N), Wynn Resorts Ltd (WYNN.O), Equinix Inc (EQIX.O), and Visteon Corp (VC.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%.
EQT Midstream Partners LP (EQM.N)
Freeport-McMoRan Inc (FCX.N)
Wynn Resorts Ltd (WYNN.O)
Equinix Inc (EQIX.O)
Visteon Corp (VC.O)
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