forecast revisions as forecast measures but, additionally, focus on implied return revisions, based on target prices … forecast measures increases (decreases) within the quarter prior to the observation period. Further results show that mutual … fund managers primarily attribute high information value to consensus forecast revisions that contain positive information …

meet. It examines the relation between the strength of the management revenue forecast argument and three outcomes, 1) ex … post forecast accuracy, 2) the incidence of analyst revisions, and 3) the rate of convergence in analyst estimates …. Forecast arguments are deemed strong if the forecast claim and the supporting data are comparatively precise. Using a sample of …

This paper examines whether textual management forecast commonalities that arise in a global crisis setting relate to … ex post forecast accuracy, and whether subsequent analyst revisions confirm the credibility relevance of these … those periods serve as catalysts for creating measures to assess management forecast credibility. After arguing that sales …