NEW YORK Feb 1 Allstate Corp is among
companies likely to miss Wall Street earnings expectations when
it reports next week, while Archer Daniels Midland Co
could beat, Thomson Reuters StarMine forecasts show.
Allstate's forecast by StarMine, which weights analysts'
forecasts based on accuracy and how recent the estimates are, is
9.8 percent below the consensus estimate, or the average of
analysts' forecasts compiled by Thomson Reuters.
A StarMine forecast of at least 2 percent above or below
consensus suggests the company is likely to post results above
or below it.
Archer Daniels Midland's StarMine forecast is 5 percent
The companies are among 89 Standard & Poor's 500 index
components expected to report earnings next week.
Allstate's results are due Wednesday while Archer Daniels
Midland is due Tuesday.
Other companies StarMine has identified as likely to
disappoint next week are Exelon Corp, with a StarMine
forecast 2.8 percent below consensus; and AGL Resources,
with a StarMine forecast 3.5 percent below consensus.
Among other companies StarMine sees as likely to surprise to
the upside next week: Hartford Financial Services Group Inc
, with a StarMine forecast 9 percent above consensus; and
Cummins Inc, with a StarMine forecast 3.1 percent above
The picks are also based on comments by analysts who StarMine
says have a strong history of being correct with their