The state of the art in the analyst forecasting literature is that analyst earnings forecast ability is only firm … absence of a “spillover” effect, i.e., investors do not consider an analyst's earnings forecast ability regarding firm k when … reacting to his earnings forecast revision for firm j. We re-examine the issue of whether or not earnings forecast ability is …

This study examines the stock-price reactions to analyst forecast revisions around earnings announcements to test … suggests that prior studies' finding of weaker (stronger) stock-price responses to forecast revisions in the period immediately …

initial erroneous forecast, they are less prone to over-adjustment when the correction is later received. Implications for …

that their forecast revisions have significant predictive power and value …

the industry level. The two have comparable abilities to forecast earnings for firms with revenues or earnings that are …

We examine the relation between security analysts' annual earnings forecast boldness ("bold analysts") and changes in … unfavorably bold analysts experience an improvement in their subsequent relative forecast accuracy. Favorable forecasters, however …, experience a decrease in subsequent relative forecast accuracy. Our forecast revisions tests suggest that the market recognizes …

that attempts to examine GAAP forecast errors without an explicit GAAP forecast. We begin with research exploring investors …' preferences for GAAP versus non-GAAP earnings. We find that traditionally-identified GAAP forecast errors are subject to 37 …