better understand how financial analysts forecast earnings. We focus on forecasts for Real Estate Investment Trusts (REITs … regression analysis finds that the severity of the pandemic increases analysts' forecast error and dispersion. Government … forecast error rises by more, for REITs, when focusing on Hospitality and Industrial properties, and dispersion rises by more …

available forecast for each forecaster and the difference between the average and the forecast that this forecaster previously … made. We extended the knowledge base by analyzing the unpredictable component of the earnings forecast. We found that for … some forecasters the unpredictable component can be used to improve upon the predictable forecast, but we also found that …

policy's effects on analyst forecast. The empirical results showed that the mandatory disclosure policy on CSR reports … significantly increased analyst forecast accuracy and reduced analyst forecast dispersion. Furthermore, the study found that analyst … forecast accuracy was further increased when CSR reports were forced to undergo accountant assurance than those without …

) and abnormal changes in profit margins (ABPM) to measure the uncertainty embedded in the accounting earnings. I measure … ABG (ABPM) as the difference between the current value of sales growth rate (profit margin) and its benchmark, a weighted … value of the three preceding years’ sales growth rate (profit margin). Then, I quantify whether and to what extent the news …

analysts' forecast accuracy. In addition, this study investigates further the interactions between the unique cultures in … dominated by Bumiputera audit committees have a higher analyst forecast error. In addition, we found that firms manage earnings …

empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …

Prior studies found that analyst forecast dispersion predicts future market returns. Some prior studies attribute this …

future. In addition, we draw on some contemporary measures of forecast quality (prediction-realization diagram, test of …

performance returns. Aggregate and cross-sectional effects, as well as predictive regression analysis to forecast the …, investor sentiment poses a positive impact with strong predictive power on the forecast of portfolio returns but not so much in …