-ante uncertainty proxies used to explain IPO underpricing. Ex-ante and ex-post explanatory variables are distinguished and a forecast … error prediction model is tested. The results show revenue forecast errors were smaller and less sensitive than those for … profit. Strong associations are reported between forecast error and float motive, audit quality and unanticipated industry …

' earnings forecasts. We show that measures of prior consensus and individual analyst forecast pessimism are predictive of both … with a relatively high probability of forecast pessimism experience significantly higher announcement returns than those … difficulty investors have in identifying differences in expected forecast pessimism. Overall, we conclude that market prices do …

forecasts by 25.3%. This study may be the first of its kind to assess analyst earnings forecast accuracy at all listed companies … growth, analysts did not make an equal, but opposite error for fast growth companies …

We correlate analysts' forecast errors with temporal variation in investor sentiment. We find that when sentiment is … “uncertain” or “difficult to value” firms. Adding these forecast errors to a regression of stock returns on sentiment absorbs a …

the forecast error series that disrupt their smooth autoregressive dynamics, we propose to use robust fixed effect panel …We examine the profitability of implementing a short term trading strategy based on predicting the error in analysts … (optimistic) consensus forecast and closing the position on the first post announcement day has an annual gross abnormal return of …

information. This increased reliance on private information reduces the mean forecast error for upcoming earnings (even after … individual forecast error is idiosyncratic, and thus averaged out in the computation of the mean forecast … forecasts. We find evidence consistent with our expectation that egregious forecast errors motivate analysts to work harder to …

) positively associated with consensus analyst forecast error (AFE), i.e., actual earnings minus the consensus of the analysts …We address whether analysts bias earnings forecast revisions and convey the bias using forecast revision consistency, i ….e., the extent to which analyst reports with earnings forecast revisions include stock recommendation and target price …