Bryan, Daniel M.; Rakow, KC; Tiras, Samuel L.; Wilson, … - 2021
. We examine this link by testing whether management earnings forecasts (MEFs) of firms meeting/beating analysts’ forecast … benchmarks exhibit greater credibility than MEFs of firms missing these benchmarks, based on the informativeness of forecast news …. We find for meet/beat firms, the association of forecast news with cumulative abnormal returns is stronger than for miss …