Do Analysts’ Earnings Per Share Forecasts Contain Valuable Information Beyond One Quarter? The Case of Publicly Traded Agribusiness Firms

Analysts’ forecasting of earnings per share for multiple quarter time horizons of eleven agribusiness companies is evaluated using a mean absolute scaled error and a direct test. Results illustrate that unique information is consistently found. Rational and efficient expectations are formed periodically. Analysts’ performance declines as the time horizon increases.

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Year of publication:	2012-06-01
Authors:	Lewis, Daniel ; Manfredo, Mark R. ; Sanders, Dwight R. ; Scott, Winifred
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Agribusiness \| Agricultural Finance \| Industrial Organization

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Extent:	application/pdf
Series:	2012 Annual Meeting, August 12-14, 2012, Seattle, Washington.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington Number 124480
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010916635