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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 …
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This study develops a framework to compare the ability of alternative earnings forecast approaches to capture the … these two components indicates that the associated earnings forecast is a sufficient estimate of the market expectation of …
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We document that investors can actually profit from the contemporaneous link between earnings accuracy and recommendation profitability (Loh and Mian (2006)). Differentiating between "able" and "lucky" analysts we suggest an implementable, i.e. look-ahead bias free, trading strategy that yields...
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Analysts providing more accurate earnings forecasts also issue more profitable recommendations. We demonstrate how investors can profit from this contemporaneous link by differentiating between "able" and "lucky" analysts. In line with previous studies, we find that past track records alone are...
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