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Understanding Analyst Behavior : Do Individual Analysts Actually Walk Down Their Forecasts?

Jensen, Tyler; Plumlee, Marlene; Yohn, Teri Lombardi - 2022

This study examines individual analyst forecast revisions of annual earnings to provide insight into “walkdown ….7 percent of analyst-firm-year forecast revisions during 2001 – 2021 exhibit walkdown behavior. In contrast, 40.8 percent of … analyst’s first forecast is optimistic, her final forecast is similarly likely to be slightly optimistic as slightly …

Persistent link: https://www.econbiz.de/10014244835

Country-level analyst recommendations and international stock market returns

Berkman, Henk; Yang, Wanyi - In: Journal of banking & finance 103 (2019), pp. 1-17

Persistent link: https://www.econbiz.de/10012163765

Does social trust affect analysts' forecast? : evidence from China

Pan, Lin; Guo, Meixiang; Li, Chengai; Xu, Huichao - In: Emerging markets, finance & trade : a journal of the … 58 (2022) 9, pp. 2538-2552

Persistent link: https://www.econbiz.de/10013354979

Projected earnings accuracy and the profitability of stock recommendations

Hess, Dieter; Kreutzmann, Daniel; Pucker, Oliver - 2011 - This version: February 2011

Analysts providing more accurate earnings forecasts also issue more profitable recommendations. We demonstrate how investors can profit from this contemporaneous link by differentiating between "able" and "lucky" analysts. In line with previous studies, we find that past track records alone are...

Persistent link: https://www.econbiz.de/10009705474

Projected earnings accuracy and the profitability of stock recommendations

Hess, Dieter; Kreutzmann, Daniel; Pucker, Oliver - 2010

We document that investors can actually profit from the contemporaneous link between earnings accuracy and recommendation profitability (Loh and Mian (2006)). Differentiating between "able" and "lucky" analysts we suggest an implementable, i.e. look-ahead bias free, trading strategy that yields...

Persistent link: https://www.econbiz.de/10008696828

Precision in Predicting the Stock Prices – An Empirical Approach to Accuracy in Forecasting

Kumar S, Dr. Suresh - 2017

from long term trend estimates. As a stock price prediction or index movement forecast tool, it can be relied extensively …

Persistent link: https://www.econbiz.de/10012950609

Does Soft Information Matter? An Application of Gravity Models to Financial Analysts' Forecasts

Galanti, Sébastien - 2011

measure of soft information. Using a panel regression of analysts forecast error on observable firm-specific, analyst …-effect is associated with a low forecast error, and that a high pair-effect is associated with a high forecast error, may the …. Although they refer to opposite forecast patterns, pessimism and optimism both result from the same analyst's concern to …

Persistent link: https://www.econbiz.de/10013128448