analyst forecast revisions are predictable and document an implementable strategy for investors. Consistent with investors …

changes in the SG&A ratio are informative about future earnings, analyst forecast revisions, and stock returns under these … future earnings. I also find that analysts do not impound all of the information contained in the signals into their forecast …

test hypotheses on factors that determine analyst attention and how analyst attention affects forecast accuracy. I … firms with earnings that are difficult to forecast, suggesting that analysts suffer from a limited attention constraint …

We separate analyst forecast revisions into components representing industry-wide and firm-specific news. Using the … relation between analyst forecast revisions and upcoming news to estimate how completely analysts incorporate their private …-specific news in their forecasts, particularly when the underlying news is bad. Post-forecast-revision drift is strongly associated …

earnings. As analysts can save time and costs when disclosure quality is higher, their earnings forecast error and optimism … SZSE, and find that higher disclosure quality improves analysts' forecast accuracy, alleviates forecast optimism, and … reduces forecast dispersion …

provisions and similar non-adopters. In particular, we examine financial analyst following, financial analyst forecast accuracy …, and financial analyst forecast optimistic bias. We find that firms that adopt clawback provisions are followed by more …

' earnings forecasts. We show that measures of prior consensus and individual analyst forecast pessimism are predictive of both … with a relatively high probability of forecast pessimism experience significantly higher announcement returns than those … difficulty investors have in identifying differences in expected forecast pessimism. Overall, we conclude that market prices do …