This paper evaluates whether the primary and secondary dissemination of earnings forecast revisions by security …) of trading strategies based on the nonpublic knowledge of forecast revisions. For a sample of 288 weekly earnings … forecast revisions, the results were consistent with the hypothesis that early knowledge of forecast revisions could be used to …

reported" income statements. These changes lead to a decrease in the absolute forecast errors of analysts for both rising and …

implications for forecast efficiency and the stock market. We find that the two sets of forecasts strongly covary over the 1984 to … aggregate earnings, the converse is not true. Additional tests suggest that analysts underreact to economists' negative forecast … revisions (i.e., aggregate earnings forecast errors are predictably more negative following economists' downward forecast …

This study examines the relationship between components of OCI and analysts' forecasting behaviour, being forecast … negatively associated with forecast accuracy and herding. We also find that available for sale (AFS) amounts are positively … associated with forecast accuracy, herding and analyst following. Together with prior evidence, our findings provide empirical …

forecast errors average 45%. At the end of the 12-month forecast horizon, only 38% of target prices are met, but 64% are met at … some time during the forecast horizon. We find statistically significant but economically weak evidence of persistent … differential abilities by sell-side analysts to forecast target prices. Target price announcement period return analyses indicate …

This paper quantifies the amount of noise and bias in analysts' forecast of corporate earnings at various horizons. We …

achieve this improvement one needs to identify a small pool of good forecasters and use them for forecast combinations. The …