| NEW YORK, July 8
NEW YORK, July 8 Wynn Resorts (WYNN.O) and
Apple (AAPL.O) are among companies likely to beat earnings
forecasts for the latest quarter, while Canadian Pacific
Railways (CP.N) is likely to miss, Thomson Reuters StarMine
The forecast for Wynn Resorts' earnings by StarMine, which
weights forecasts based on analyst accuracy and the most
recent estimates, is 3.5 percent above the consensus estimate,
or the average of analysts' forecasts compiled by Thomson
Companies with a forecast of at least 2 percent above
consensus means the company is likely to post results above
consensus, according to StarMine.
Besides Wynn Resorts and Apple, StarMine has identified
JetBlue Airways Corp (JBLU.O), Hospitality Properties Trust
HPT.N and DirecTV DTV.O as also highly likely to surprise
to the upside this earnings period.
Second-quarter earnings for Standard & Poor's 500 .SPX
companies are expected to start next week, with results from
Alcoa (AA.N) due on Monday.
Strong iPod and iPhone sales are expected to help boost
Apple's results, along with good cost controls, according to
StarMine, while Wynn Resorts could benefit from strong
performance in Macau.
On the flip side, weather-related problems could hurt
results from companies such as Canadian Pacific and Platinum
Underwriters Holdings PTP.N, causing them to miss the
Other companies StarMine sees likely to miss: Shanda
Interactive Entertainment SNDA.O, Agnico-Eagle Mines Ltd
(AEM.N) and Cooper Tire & Rubber Company (CTB.N).
The picks are based on comments by analysts who StarMine
says have a strong history of being correct with their
(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)