them. I find that negative management forecast surprises lead to a –5.9% abnormal return around the forecast and a 1 ….9% abnormal return and a –1.7% correction. The level of the stock market overreaction varies with the forecast and firm … characteristics, but the marginal impact remains the same: a 1% change in the stock market reaction around the forecast is associated …

We create an alternative, simpler definition of analyst forecast timeliness leaders based on their response after the … prior definitions of timeliness. Furthermore, prior forecast accuracy is positively associated to the forecast …

in the next quarter. Our oil-response forecast strategy earns especially high returns in periods that follow large …

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

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 …

forecast disclosure only accrue to bidders with a strong forecasting reputation prior to the acquisition. Explaining why not … all bidders forecast, we document a higher likelihood of post-merger litigation and CEO turnover for bidders with a weak …

yet-to-be-announced firm performance and convey earnings news, even for firms less likely to forecast if forecasting were …; the act of forecasting and forecast timing provide some information, but no significant incremental earnings news is …

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 …