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In this paper we test the predictive power of abnormal inventory growth to forecast retailers’ earnings. We demonstrate … this information in analysts’ forecasts would improve their forecast accuracy. This improvement can be as much as 15 …
Persistent link: https://www.econbiz.de/10014045764
Prior literature documents the usefulness of the DuPont disaggregation for predicting firms future profitability, operating income, and stock market returns. In addition, research also emphasizes the importance of earnings quality information. However, there is a lack of research examining how...
Persistent link: https://www.econbiz.de/10010520353
empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …
Persistent link: https://www.econbiz.de/10011556115
earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …
Persistent link: https://www.econbiz.de/10010490078
who follow the firms' major customers incorporate the customers' earnings news into their forecast revisions for the … their earnings forecasts for the supplier firms. Fourth, the improvement in forecast accuracy attributed to following a firm …
Persistent link: https://www.econbiz.de/10013128964
superior forecasting ability systematically time their forecast revisions later in the fiscal quarter. We then examine whether … this superior ability persists after controlling for this timing advantage by using relative forecast error, a measure that … largely eliminates the timing advantage of recent forecasts. Using a sample of quarterly earnings forecast revisions over the …
Persistent link: https://www.econbiz.de/10013131366
/Value: Whilst the literature has examined analysts' earnings forecast properties in a number of contexts that change forecast … complexity, this paper is the first to examine an extensive range of forecast properties in the context of CEO changes …
Persistent link: https://www.econbiz.de/10013132268
Measures of a firm's financial strength forecast stock returns. The relation between financial condition and future …
Persistent link: https://www.econbiz.de/10013134140
the average firm is found to be very well able to correctly forecast its own future key figures. I suggest that public …
Persistent link: https://www.econbiz.de/10013134973
By decomposing analysts' forecast errors into common and idiosyncratic components, we develop a simple model aimed at … explaining the relationship between forecast uncertainty and analyst dispersion. Under this framework, we propose a new measure … of earnings forecast uncertainty as the sum of dispersion among analysts and the variance of mean forecast errors …
Persistent link: https://www.econbiz.de/10013138826