by Tajinder Dhillon.
The StarMine team has selected five European companies, using Eikon Screener by Refinitiv, that we expect to miss 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 negative Predicted Surprises in FY18 are — The Swatch Group AG (UHR.S), Beazley PLC (BEZG.L), Daimler AG (DAIGn.DE), Siemens AG (SIEGn.DE), and Anheuser Busch Inbev NV (ABI.BR)
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%.
The Swatch Group AG (UHR.S)
Beazley PLC (BEZG.L)
Daimler AG (DAIGn.DE)
Siemens AG (SIEGn.DE)
Anheuser Busch Inbev NV (ABI.BR)
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