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The predictive value of interim earnings
Date:
1999
Type:
Text
Extent: 10 p.
Source:
Proceedings of the 29th Atlantic Schools of Business Conference, Halifax, Nova Scotia,1999
Abstract:
This study empirically examines the value of interim earnings in predicting annual earnings. I find that analysts’ annual earnings forecast revisions are positively associated with interim earnings forecast error when the interim earnings are relatively persistent. The change in analysts’ annual earnings forecast dispersion is positively (negatively) associated with interim earnings forecast-error (persistence).
Subject:
- Corporate profits -- Forecasting
- Investment analysis
