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 …

that attempts to examine GAAP forecast errors without an explicit GAAP forecast. We begin with research exploring investors …' preferences for GAAP versus non-GAAP earnings. We find that traditionally-identified GAAP forecast errors are subject to 37 …

financial analysts, we find that analysts updating their earnings forecasts in response to a management earnings forecast … provide different forecasts depending on the stock price reaction to management's forecast. Lower (higher) stock price leads …

earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …

assessment is relative to extrapolative time-series models of earnings forecasts. The paper's results show that the forecast … on extrapolative models' forecast errors is stronger than on analysts'. This finding is consistent with analysts' better … ability relative to extrapolative models to forecast the earnings of intangible firms, and with analysts' ability to process …

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 …