STARMINE SPECIAL REPORT: A comprehensive analysis of how the SmartEstimate® helps the buyside anticipate companies likely to beat, meet and miss expectations.
How did the SmartEstimate perform in predicting future revisions for Japanese companies in the months following the earthquake and tsunami. By using a system that removes state data and places more weight on better analysis, we examine whether that SmartEstimate is more responsive to market shocks.
In Japan, companies usually issue guidance for the following year when they report earnings. Once the company releases guidance, analysts update their estimates. Below is a chart, which shows how SmartEstimate continues to a stellar job of determining what direction the consensus will move in the months following the earnings announcement.
Learn more on how this SONY example is representative of Smart Estimate performance across a broad universe of equities in the months immediately following the earthquake and the tsunami.