Predictability in Financial Analyst Forecast Errors: Learning or Irrationality?

2006 ◽  
Author(s):  
Stanimir Markov ◽  
Ane Miren Tamayo
Keyword(s):  
Analyst Forecast ◽  
Forecast Errors ◽  
Financial Analyst

Influences on financial analyst forecast errors: A meta-analysis

2006 ◽  
Vol 15 (1) ◽  
pp. 29-52 ◽  
Author(s):  
Emma García-Meca ◽  
Juan Pedro Sánchez-Ballesta
Keyword(s):  
Meta Analysis ◽  
Analyst Forecast ◽  
Forecast Errors ◽  
Financial Analyst

Firm Credit Ratings and Financial Analyst Forecast Performance

2018 ◽  
Vol 20 (3) ◽  
Author(s):  
Nathan H. Jeppson ◽  
Matthew C. Geiszler ◽  
David F. Salerno
Keyword(s):  
Credit Ratings ◽  
Analyst Forecast ◽  
Financial Analyst ◽  
Forecast Performance

The Trend in Firm Profitability and the Cross-Section of Stock Returns

2017 ◽  
Vol 92 (5) ◽  
pp. 1-32 ◽  
Author(s):  
Ferhat Akbas ◽  
Chao Jiang ◽  
Paul D. Koch
Keyword(s):  
Risk Factors ◽  
Stock Returns ◽  
Cross Section ◽  
The Other ◽  
Analyst Forecast ◽  
Forecast Errors ◽  
Earnings Surprise ◽  
Firm Profitability ◽  
Earnings Momentum ◽  
Jel Classifications

ABSTRACT This study shows that the recent trajectory of a firm's profits predicts future profitability and stock returns. The predictive information contained in the trend of profitability is not subsumed by the level of profitability, earnings momentum, or other well-known determinants of stock returns. The profit trend also predicts the earnings surprise one quarter later, and analyst forecast errors over the following 12 months, suggesting that sophisticated investors underreact to the information in the profit trend. On the other hand, we find no evidence of investor overreaction, and our results cannot be explained by well-known risk factors. JEL Classifications: G12; G14.

The role of accounting fundamentals and other information in analyst forecast errors

2018 ◽  
Vol 21 (2) ◽  
pp. 175-194
Author(s):  
Danilo S. Monte-Mor ◽  
Fernando C. Galdi ◽  
Cristiano M. Costa
Keyword(s):  
Analyst Forecast ◽  
Forecast Errors ◽  
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