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) we show in a practical manner that models converge to the same results based on real data of analysts forecast consensus …
Persistent link: https://www.econbiz.de/10013018528
and magnitude of accruals. Finally, we find a significant market reaction to analysts' cash flow forecast revisions …
Persistent link: https://www.econbiz.de/10013105787
We provide new evidence about how analysts incorporate and improve on management ETR forecasts. Quarterly ETR reporting under the integral method provides mandatory point-estimate forecasts by management, but firms must record certain “discrete” tax items fully in the quarter they occur,...
Persistent link: https://www.econbiz.de/10012972358
forecast properties. The evidence shows that analysts' earnings forecast accuracy is higher and the forecast dispersion is … higher forecast accuracy and less forecast dispersion in the non-Big Five auditor sample but not in the Big Five auditor …
Persistent link: https://www.econbiz.de/10012773262
forecast properties. The evidence shows that analysts' earnings forecast accuracy is higher and the forecast dispersion is … higher forecast accuracy and less forecast dispersion in the non-Big Five auditor sample but not in the Big Five auditor …
Persistent link: https://www.econbiz.de/10014224291
in private debt contracts. We find greater proximity between the analysts' consensus earnings forecast and the future …
Persistent link: https://www.econbiz.de/10012852918
We examine whether corporate social media information affects analysts' forecast accuracy. We use corporate Facebook … examine the impact of such on analyst forecast performance. Using aggregate number of posts and reactions to posts for S&P 500 … firms, we find that analyst forecast errors are unresponsive to corporate social media posts. However, our results show that …
Persistent link: https://www.econbiz.de/10012864066
We extend prior research examining the relation between aggregate recommendation changes and future returns by documenting that this relation varies over time as a function of the predictability of future earnings growth. When industry-level earnings growth is more predictable, we find that...
Persistent link: https://www.econbiz.de/10012840191
. 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
forecast characteristics for analyst forecast accuracy. Following the enactment of these regulations, more experienced analysts … and All-Star analysts do not maintain their superior forecast accuracy, and analysts employed by large brokerage houses … industries and firms followed, days elapsed since the last forecast, and forecast horizon. While the importance of bold upward …
Persistent link: https://www.econbiz.de/10012974968