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 … revisions consistent in sign with the earnings forecast revisions, the sign of which is the sign of earnings forecast revision …

the I/B/E/S earnings forecast database over the 1982-2014 period pinpointed a lack of consistency in the identification of … forecasts that were issued by namesakes. The present empirical investigation reveals that over 10% of the analyst codes in the … database are subject to such reporting errors. These reporting errors impact the evaluation of analysts' characteristics, and …

profits finds that analysts are ten times more accurate in predicting the earnings of profit firms. They have also improved … their predictive ability for profit firms since the mid-1980s. The sample includes eighteen years of coverage by IBES and …