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

) and abnormal changes in profit margins (ABPM) to measure the uncertainty embedded in the accounting earnings. I measure … ABG (ABPM) as the difference between the current value of sales growth rate (profit margin) and its benchmark, a weighted … value of the three preceding years’ sales growth rate (profit margin). Then, I quantify whether and to what extent the news …

available forecast for each forecaster and the difference between the average and the forecast that this forecaster previously … made. We extended the knowledge base by analyzing the unpredictable component of the earnings forecast. We found that for … some forecasters the unpredictable component can be used to improve upon the predictable forecast, but we also found that …

components remain associated with analysts’ forecast errors. Further, we document that higher uncertainty in firm performance … of where and when analysts derive OCI-related information, we document that analysts’ forecast revisions correlate with …