January 14, 2019

StarMine Models Pick European Companies for FY 2018 Earnings Beats

by Tajinder Dhillon.

The StarMine team has selected five European companies, using Eikon Screener by Refinitiv, that we expect to beat FY18 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our European selections for FY17 were 70% accurate, which can be seen here.

Our European picks for positive Predicted Surprises in FY18 are — Alten SA (LTEN.PA), MTU Aero Engines AG (MTXGn.DE), ABN Amro Group NV (ABNd.AS), Neste Oyj (NESTE.HE), and Pearson PLC (PSON.L).

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

Alten SA (LTEN.PA)

MTU Aero Engines AG (MTXGn.DE)

ABN AMRO Group NV (ABNd.AS)

Neste Oyj (NESTE.HE)

Pearson PLC (PSON.L)

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