This paper investigates the association between current dividends and analysts’ subsequent earnings forecast errors …. This investigation is motivated by the evidence on analyst optimism and Ohlson (1991)’s fundamental valuation theory that … positively correlated with analysts’ future forecast errors, suggesting that analysts potentially ignore the displacement effect …

profit margin provide incremental information for predicting changes in future return on assets. After controlling for …

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

assessment is relative to extrapolative time-series models of earnings forecasts. The paper's results show that the forecast … on extrapolative models' forecast errors is stronger than on analysts'. This finding is consistent with analysts' better … ability relative to extrapolative models to forecast the earnings of intangible firms, and with analysts' ability to process …

when analysts forecast negative or large changes in EPS. We also compare the accuracy of a third forecast of longer …

The state of the art in the analyst forecasting literature is that analyst earnings forecast ability is only firm … absence of a “spillover” effect, i.e., investors do not consider an analyst's earnings forecast ability regarding firm k when … reacting to his earnings forecast revision for firm j. We re-examine the issue of whether or not earnings forecast ability is …

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 …