This study examines whether the improvement in analyst forecast accuracy around mandatory IFRS adoption is associated … in financial statement-based forecast accuracy around mandatory IFRS adoption and significant improvement in analyst … forecast accuracy only in countries that made concurrent improvements to financial reporting enforcement. We show that the …

In this study, we analyze the forecast accuracy and profitability of buy recommendations published in five major German … financial magazines for private households based on fundamental analysis. The results show a high average forecast accuracy but … with a very high standard deviation, which indicates poor forecast accuracy with regard to individual stocks. The …

better understand how financial analysts forecast earnings. We focus on forecasts for Real Estate Investment Trusts (REITs … regression analysis finds that the severity of the pandemic increases analysts' forecast error and dispersion. Government … forecast error rises by more, for REITs, when focusing on Hospitality and Industrial properties, and dispersion rises by more …

(earnings) forecasts. Finally, we show that bond investors' reaction to bond analysts' cash flow forecast revision is greater … than that to bond analysts' earnings forecast and that bond market reacts only to bond analysts' forecast revisions but not … to equity analysts' forecast revisions. This manifests bond investors' stronger demand for reliable information on future …

unusually optimistic earnings forecast at the end of the year that increases the likelihood of an earnings miss. We first … difficult-to-beat forecast as a final earnings forecast prior to the earnings announcement that exceeds even the most optimistic … forecast issued by any other analyst covering the stock. We find that 11% of all firm-year observations are subject to at least …

Firms whose quarterly earning announcements closely meet the most recent analyst consensus forecast enjoy higher long …

positively associated with analyst coverage, the size of forecast errors, as well as the extent of forecast dispersion … and both forecast accuracy and dispersion is stronger for firms in the resources and mining industries, and for longer … forecast horizons. Our results are consistent with heightened EPU being associated with a decline in firms’ information …

We examine the relation between star analyst rankings and analysts’ forecast performance. To strengthen identification … Contest in China. We find that the reduction in rankings-related incentives has a positive impact on analysts’ forecast …

paper is to investigate whether following the Tunisian stock market opening, both the analyst forecast accuracy and the … increasing with time. Second, we find evidence that earnings expectations are not mainly based on analyst forecast in the first … (2010–2015) as analyst forecast better explain returns and exhibit greater relative information content. …

relationship between forecast revisions and forecast errors. When analysts excessively integrate information in their revisions (i ….e. overreact), their forecast revisions are too intense, and the converse occurs when they underreact. As a proxy for uncertainty … sample using analyst forecast dispersion as a proxy for uncertainty and obtain similar results. We also document the fact …