Showing 1 - 10 of 372,570
This study identifies bold target forecasts as those far deviate from the consensus target and the actual stock price. Analysts’ bold forecasts exert substantial price drifts larger than the impacts caused by non-bold forecasts. The abnormal returns caused by bold pessimistic forecasts are...
Persistent link: https://www.econbiz.de/10014352649
earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …
Persistent link: https://www.econbiz.de/10010490078
predict that this reluctance allows each firm's conservative forecast to be heavily influenced by the firm's past performance …
Persistent link: https://www.econbiz.de/10013081059
Persistent link: https://www.econbiz.de/10010481196
Persistent link: https://www.econbiz.de/10000785140
. We also find that analyst biases do not have an impact on forecast dispersion …
Persistent link: https://www.econbiz.de/10012833619
Persistent link: https://www.econbiz.de/10000994150
Persistent link: https://www.econbiz.de/10010497568
Persistent link: https://www.econbiz.de/10009628440
We show that understanding the role of analysts' forecast bias is central to discovering the behavior that causes some … stocks to have high analyst forecast dispersion. This finding is important because stocks with high analyst forecast … dispersion contribute significantly to many important anomalies. We first explain how forecast bias produces significant negative …
Persistent link: https://www.econbiz.de/10012853676