Aggregate Estimates and Revisions
For more details on what to expect this earnings season checkout Earnings Roundup: Will 17Q1 be the S&P 500’s Best Qtr. in Over 5 Years?
StarMine Earnings Surprise Forecast Q1 2017
Looking forward to anticipated Q1 performance, we use StarMine’s SmartEstimate® to determine which companies in the S&P 500 are better poised to beat earnings estimates. The SmartEstimate® is a weighted average of analyst estimates, with more weight given to more recent estimates and more accurate analysts. Our studies have shown that when the SmartEstimate® differs significantly from the consensus (IBES Mean), the Predicted Surprise accurately predicts the direction of earnings surprises or further revisions 70% of the time. When significant Predicted Surprise for revenue is also present for the period, the accuracy improves to 78%.
Over the next two weeks, 325 S&P 500 companies are expected to report earnings. Of these companies, a positive surprise is expected from 19 companies. On the flip side, a negative surprise is expected from 42 S&P 500 companies.
To download the full This Week in Earnings report click here.
Please note: if you use our earnings data, please source Thomson Reuters I/B/E/S
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