forecast? This study finds that the first analysts’ forecasts for the future quarter are associated more with cash … earnings is associated more with the last analysts' forecast before future earnings are announced, suggesting that over time … making future forecasts. The results show that the stronger association documented between the first analyst forecast and …

and whether it is more difficult for them to forecast earnings for less conservative firms, and then examines the impact … affecting forecast accuracy, such as earnings predictability and information uncertainty, I find that analysts incorporate …