Among their Positive Predicted Surprises, Starmine lists Westjet Airlines (WJA: TSX), American Science & Engine Inc. (ASEI: NASD), Copa Holdings (CPA: NYSE), Ship Finance International Ltd. (SFL: NYSE) and McDonalds Corp. (MCD: NYSE)
Given that Westjet is the sole Canadian feature – I shall highlight the reasons for it’s inclusion in the Starmine Positive Earnings Surprise Forecast for Q4 2008.
For Q4/08, the consensus EPS as indicated by Starmine is C$0.29.
The StarMine SmartEstimate is C$0.38, a predicted surprise of 29.8%.
Highlights Of Analyst Notes
5 Star Ranked analyst Jacques Kavafian of Research Capital who has a StarMine “Bold Estimate” of C$0.42 (EPS) for Westjet’s Q4/08 claims that “airlines are a call on the economy and a put on oil, implying that a weak economy may negatively impact airline stocks, but lower fuel prices will compensate for lower traffic.” Kavafian also mentions the highlest load factor in the airline’s 12 year history.
4 Star Ranked analyst David Tyerman of Scotia Capital also has an Q4/08 EPS estimate of C$0.42 for Westjet.
Westjet is scheduled to report it Q4/08 earnings on February 10, 2008.
Source: Starmine (click here to read about the other mentioned companies)
Odds & Bits: I am in no way affiliated or compensated by Starmine - just thought i'd point out this feature.
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