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The Present Value of Corporate Profits : A Forecasters' Survey Perspective

Andrle, Michal - 2019

This paper presents and discusses the estimates of the present value of corporate profits in the United States from 1984 to 2018. To value the expected income stream, it uses the long-range forecasts of professional forecasters for pre-tax corporate earnings and long-term Treasury note yields,...

Persistent link: https://www.econbiz.de/10012892904

Predicting Profits Within Chains

Bai, Nancy - 2023

Customer momentum refers to the ability of customer returns to predict suppliers returns. I show that this momentum in returns is related to momentum in economic primitives, and speciﬁcally in operating proﬁts. In fact, given that accounting information is more gradually incorporated into...

Persistent link: https://www.econbiz.de/10014362278

Resolving a Paradox : Retail Trades Positively Predict Returns but are Not Profitable

Barber, Brad M.; Lin, Shengle; Odean, Terrance - 2021

Retail order imbalance positively correlates with returns in the days following trades. However, in aggregate, retail investor trades lose money over these same periods. Why? 1) While order imbalance tests value or equally weight stocks, retail purchases are concentrated in stocks earning large...

Persistent link: https://www.econbiz.de/10013241292

Profitability of Portfolio Strategies Based on Analyst Consensus EPS Forecasts

Baule, Rainer - 2020

valuation. In our empirical application, we use 𝑄 to relate analyst forecasts to stock returns and measure the profitability of …

Persistent link: https://www.econbiz.de/10012856424

Predictions, Profits, and Delays in Prices

Rösch, Dominik; Yu, Yihe - 2023

We argue that high-frequency return predictability can be explained by delays in prices, providing another explanation for why paper profits often do not materialize. We investigate predictability in the US (and international) stock market from 2005 to 2012 and in 2020. We find that 1-minute...

Persistent link: https://www.econbiz.de/10014351322

A forecasting framework for core domestic banks in Malta

Andreani, Michele - 2024

, with a particular emphasis on bank profitability. Methodologically, it employs two multivariate time series models, namely … alongside a novel bank-level dataset for selected Maltese core banks compiled by merging data from various sources. Forecasting … comprehensive profitability outlook for the Maltese core banking sector. Key findings are summarized as follows: (i) neither of the …

Persistent link: https://www.econbiz.de/10015053640

Do Analysts Strategically Provide Cash Flow Forecasts? A Multi-Theory Multi-Methods Study

Yoo, Choong-Yuel - 2011

achieve the analysts' specific strategic objectives. To investigate this motivation, we use economics based signaling theory … and psychology based support theory to develop our hypotheses and then employ multiple methods to investigate them. First …

Persistent link: https://www.econbiz.de/10013117913

An Analysis of the Predictive Ability of Direct Cash Flow Information Under IFRS

Duboisée de Ricquebourg, Alan J. - 2013

In this paper, we examine the predictive ability of direct cash flow information under IFRS. Employing a combination of in- and out-of-sample cross sectional models, we provide the first empirical evidence on the predictive ability of direct cash flow information in an IFRS environment. Under...

Persistent link: https://www.econbiz.de/10013076074

Life cycle models and forecasting growth and profitability

Vorst, Patrick; Yohn, Teri Lombardi - In: The accounting review : a publication of the American … 93 (2018) 6, pp. 357-381

Persistent link: https://www.econbiz.de/10011966855

Analysing the stability of bankruptcy prediction models

Rohani Md Rus; Kamarun Nisham Taufil Mohd; Rohaida … - In: Afro-Asian Journal of Finance and Accounting : AAJFA 10 (2020) 4, pp. 554-568

Persistent link: https://www.econbiz.de/10012316094