Skip to main content

The Globe and Mail

Searching S&P/TSX 60 for earnings momentum

What are we looking for?

Strong earnings momentum in the S&P/TSX 60 index.

More about today's screen

Story continues below advertisement

We've spent the week looking for earnings momentum. Today, we'll scan the S&P/TSX 60 index for the top 20 stocks for earnings momentum this year.

We'll use StarMine again today. It is a Thomson Reuters service that gathers earnings estimate data from analysts. StarMine measures earnings-revision momentum, which is how much earnings estimates have risen or fallen. We're looking at earnings estimate revisions over the past 30 and 60 days for the next quarter, next 12 months and two years out.

We'll sort the results by stocks that have over the past two months seen their earnings revised higher for the next 12 months.

What did we find out?

It's no surprise that mining companies dominate the top of this list, as the materials sector is where the most earnings momentum in North American sectors can be found right now.

Take a look at the last column, which shows the "SmartEstimate" for the next 12 months. The SmartEstimate takes into account only analysts who have the most timely and accurate earnings estimate history. In other words, the SmartEstimate puts the most weight on the most accurate analysts.

Almost all of these companies have expectations for double-digit profit increases for the coming year.

Story continues below advertisement

Stocks in this column include:

Kinross Gold Corp. , Yamana Gold Inc. , First Quantum Minerals , Goldcorp , Penn West Petroleum , Teck Resources , Magna International , Valeant Pharmaceuticals , Brookfield Asset Management , Barrick Gold Corp. , Iamgold Corp. , Eldorado Gold Corp. , Inmet Mining Corp. , Imperial Oil Ltd. , George Weston Ltd. , Potash Corp. of Sask. , Cameco Corp. , Agnico Eagle Mines , Research In Motion , Canadian Oil Sands

Report an error Licensing Options
About the Author
Executive Editor, Report on Business

Scott Adams is the executive editor for Report On Business and Globe Investor. He was previously the managing editor of Globe Investor. He has been a business journalist for more than 10 years, worked as an associate analyst on Bay Street and has been with The Globe and Mail since 2007. More

Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.