search query: @author Dreman, D. / total: 3
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| Author: | Dreman, D. Berry, M. |
| Title: | Analyst forecasting errors and their implications for security analysis |
| Journal: | Financial Analysts' Journal
1995 : MAY-JUN, VOL. 51:3, p. 30-41 |
| Index terms: | FORECASTING SECURITY EARNINGS |
| Language: | eng |
| Abstract: | A comparison of 66,100 consensus estimates of Wall Street analysts with reported earnings for a large sample of NYSE, Amex, and OTC companies demonstrates that their forecasts differ significantly from actual reported earnings. A minority of estimates fall within a range around reported earnings considered acceptable to many professional investors. The error rates are not meaningfully affected by the business cycle or industry groupings. |
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