With a host of widely watched companies set to report earnings this week, three names in particular could surprise Wall Street: Consol Energy, GoPro and Electronic Arts. So suggests a comparison between analysts' consensus estimates and the crowdsourced predictions generated by financial upstart Estimize, which claims to be more accurate than the Street 70 percent of the time.
The first of these stocks to report, Electronic Arts, is expected to post earnings of 45 cents per share for the quarter, according to FactSet. However, Estimize expects the company to beat estimates comfortably, with 53 cents per share projected by the Estimize algorithm, which uses individuals' predictions to create a forecast.
That said, it may not be too big a surprise to see EA beat analyst consensus. The company has topped estimates by more than 10 cents in each of the past eight quarters. In fact, in the prior quarter, the company's earnings were more than five times greater than the Street anticipated.
More generally, the average company beats earnings estimates in a given quarter.