INDIVIDUAL FORECASTING ABILITY

Abstract

Are some analysts ‘superstars’? Financial press coverage of analysts' performance suggests that there are superior financial analysts. One example of this coverage is the Institutional Investor ‘All American Research Team’, based on surveys of money managers, who nominate and rank analysts. In this paper, I explore the question of individual superiority by examining one aspect of analysts' services: earnings forecasting. Forecasts of future earnings are of interest to investors, as inputs to investment decisions, and also to researchers, as data on earnings expectations.

Citation

O'Brien, P.C. (1987), "INDIVIDUAL FORECASTING ABILITY", Managerial Finance, Vol. 13 No. 2, pp. 3-9. https://doi.org/10.1108/eb013580