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 …

analysts. After controlling for the distance to the nearest forecast, our evidence shows that firms are more likely to beat an … incremental forecast with a decrease in ETR compared to missing an incremental forecast with an increase in ETR. Our study …

updates to the forecast and the 10-K report. Lastly, we show that financial analysts rely more on the earnings forecasts of …

partially predicted by our measure. We then show that our measure is associated with both analyst forecast accuracy and …

association between analyst forecast error magnitude/dispersion and aggregate reported intangibles previously documented becomes …

how they plan to achieve their bottom-line earnings targets. We assess the effect of this forecast disaggregation on the …. First, disaggregation plays a more important role when earnings are otherwise more difficult to forecast. Second …