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%.
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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