-2015 period. We find that the median EPS forecast error of 2.88% made by independent analysts is significantly larger than the …

(integrated) production of information. Nonetheless, this paper documents significant stock return and forecast revision …

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

statistical methods to assess and contrast their forecast properties. We find that four performance properties associated with … earnings forecasts—optimism, relative accuracy with respect to benchmark model forecasts, forecast suboptimality, and serial … correlation of forecast errors—apply to both sales and profit margins. Sales forecasts, in general, perform better than profit …

study. These networks are TECH (4-3-1) and TECH (3-3-1) whose out-of-sample forecast performance was compared with a …

existing pure earnings-forecast momentum strategies and remain profitable after transaction costs. We show that analysts …

Technical trading rules are widely used by practitioners to forecast the U.S. equity premium. I decompose technical …