forecasts. Yet bias does not necessarily invalidate a forecast, nor does it impinge on its relative quality. We find that …

announcement news: earnings in the previous year, analysts’ forecast consensus, tail analysts’ forecast errors, and earnings news …

The purpose of a management earnings forecast is to forecast the eventual earnings figure released to the market at the … lower for firms who do release a management earnings forecast compared to those who do not, contingent on forecast accuracy …. The empirical results show otherwise, specifically that for firms issuing a management earnings forecast, which is ex post …

forecast horizon for up to 60 days after the announcement. We subject the model’s learning and out-of-sample performance to … range of variables, mostly fundamental ratios and forecast errors, is used to predict post-announcement returns. Third, we …

seasonality hypothesis posits that operating weather exposure reduces earnings seasonality, thereby increasing forecast dispersion … and reducing forecast accuracy. The increase in short-term earnings persistence hypothesis posits that operating weather … exposure makes short-term earnings more persistent, which may lead to lower forecast dispersion and higher accuracy. The …