This study constructs composite forecasts and evaluates their contextual usefulness as a proxy for investors' expectations of annual earnings. Our empirical tests utilize composites of three forecast sources: financial analysts', time-series and security-price based forecasts. Our full sample...

This study addresses the impact of firm- and time-specific attributes on the accuracy of composite forecasts of annual earnings, constructed from time-series, price-based, and analysts' forecasts. The attributes examined include firm size, analysts' coverage, and time periods pre-dating and...

In this paper, we examine analyst annual earnings forecast accuracy and dispersion for firms undertaking SEOs. Specifically, we evaluate the difference in accuracy between new and old affiliate analysts when there is a change in the lead underwriter for the SEO. We also study the change of...