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

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

This paper provides evidence on the net stock price effects associated with managers following a disclosure strategy of … explicitly controlling for other news that might be disclosed by managers that voluntarily provide guidance. These findings …

propose a new measure of earnings forecast uncertainty as the sum of dispersion among analysts and the variance of mean … forecast errors estimated by a GARCH model. The new measure is based on both common and private information available to … forecast uncertainty in the literature. Using analysts' earnings forecasts, we find direct evidence of the new measure …

practical and important implications for users and disseminators of forecast information …

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 …