We address whether analysts bias earnings forecast revisions and convey the bias using forecast revision consistency, i ….e., the extent to which analyst reports with earnings forecast revisions include stock recommendation and target price … revisions consistent in sign with the earnings forecast revisions, the sign of which is the sign of earnings forecast revision …

The state of the art in the analyst forecasting literature is that analyst earnings forecast ability is only firm … absence of a “spillover” effect, i.e., investors do not consider an analyst's earnings forecast ability regarding firm k when … reacting to his earnings forecast revision for firm j. We re-examine the issue of whether or not earnings forecast ability is …

This study examines the stock-price reactions to analyst forecast revisions around earnings announcements to test … suggests that prior studies' finding of weaker (stronger) stock-price responses to forecast revisions in the period immediately …

analysts. After controlling for the distance to the nearest forecast, our evidence shows that firms are more likely to beat an … incremental forecast with a decrease in ETR compared to missing an incremental forecast with an increase in ETR. Our study …

practice. This study investigates the impact of bundled guidance on analysts’ forecast revisions. Our findings indicate that … place more weight on bundled guidance than non-bundled guidance in their forecast revisions as bundled guidance facilities … analysts’ timely forecast revisions following EAs. Finally, we find that analysts’ forecast revisions following bundled …