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. We also conduct a study on the persistence of forecast accuracy across analysts and across stocks over the 15-year period … analyst forecast values and back-test a range of forecast-driven systematic strategies …
Persistent link: https://www.econbiz.de/10012842120
forecasts by 25.3%. This study may be the first of its kind to assess analyst earnings forecast accuracy at all listed companies …
Persistent link: https://www.econbiz.de/10012959862
' earnings forecasts. We show that measures of prior consensus and individual analyst forecast pessimism are predictive of both … with a relatively high probability of forecast pessimism experience significantly higher announcement returns than those … difficulty investors have in identifying differences in expected forecast pessimism. Overall, we conclude that market prices do …
Persistent link: https://www.econbiz.de/10012937538
This study examines whether analysts in the extractive industries in Australia adjust their private information searching and processing in response to the complexity of information about a firm's exploration and evaluation (E&E) activities. We find that both the proportion of private...
Persistent link: https://www.econbiz.de/10012940325
I study security analysts' early forecasts. Forecasts with over one-year horizons constitute nearly one-half of all analysts' forecasts. I find that the demand for early forecasts is driven by long-term institutional investors and that analyst skills and resources are more important for...
Persistent link: https://www.econbiz.de/10012869682
Purpose: This study investigates the behavior of sell-side analysts covering firms that are about to experience breaks in strings of consecutive quarterly earnings increases.Design/methodology/approach: We estimate the likelihood of analysts predicting a break using logit regressions for 1.8M...
Persistent link: https://www.econbiz.de/10012869685
of their earnings forecast accuracy. Various psychological factors, such as decision style and personality traits, are … factors related to forecast accuracy, we document that controlling for these unidentifiable analyst-specific effects improves …. We confirm that the analyst's firm-specific experience, the intensity of following that a firm receives, and the forecast …
Persistent link: https://www.econbiz.de/10013079889
We examine how forecast behaviors of East Asian financial analysts would change in the face of the escalated crimes … against Asians amid the COVID-19 pandemic. Using a Difference-in-Differences approach, we demonstrate that the forecast … performance of East Asian analysts. Consequently, the inferior forecast quality of East Asian financial analysts has a negative …
Persistent link: https://www.econbiz.de/10014255111
are relatively more pessimistic than the consensus forecast. This effect is stronger when the analyst is closer to the …
Persistent link: https://www.econbiz.de/10012855840
earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …
Persistent link: https://www.econbiz.de/10010490078