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 …

' forecasts and the role of firm disclosure about IFRS impact. We find that analyst forecast accuracy improves and there is no … at the end of the transition year with forecast error and dispersion in the adoption year. The results question the …

forecasts by 25.3%. This study may be the first of its kind to assess analyst earnings forecast accuracy at all listed companies …

' earnings forecasts. We show that measures of prior consensus and individual analyst forecast pessimism are predictive of both … with a relatively high probability of forecast pessimism experience significantly higher announcement returns than those … difficulty investors have in identifying differences in expected forecast pessimism. Overall, we conclude that market prices do …

that attempts to examine GAAP forecast errors without an explicit GAAP forecast. We begin with research exploring investors …' preferences for GAAP versus non-GAAP earnings. We find that traditionally-identified GAAP forecast errors are subject to 37 …

This study examines the stock-price reactions to analyst forecast revisions around earnings announcements to test … suggests that prior studies' finding of weaker (stronger) stock-price responses to forecast revisions in the period immediately …

forecast when actual earnings exceed the consensus and the most pessimistic forecast when the consensus exceeds actual earnings …

guidance that convey the same basic information about future earnings (i.e., either both forecast profit or both forecast loss …-related bias in voluntary earnings forecasts carries over into the mandatory forecast embedded in the valuation allowance. We then …

accuracy. In sum, we find that analysts react to information conveyed by all four parameters of a management range forecast and …