Extracting information from European analyst forecasts

被引：0

作者：

Au, Andrea S. ^{[1
]}

机构：

[1] State St Global Advisors, Adv Res Ctr Boston, Boston, MA USA

来源：

JOURNAL OF ASSET MANAGEMENT | 2007年 / 8卷 / 04期

关键词：

security analysts; earnings; recommendations; price targets;

D O I：

10.1057/palgrave.jam.2250076

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The impact of analyst forecasts is undeniable. However, previous research on analyst factors yields either event strategies that are unimplementable or consensus strategies whose effectiveness has diminished. My analysis looks at independent and combined effectiveness of consensus, dispersion, and an untested revision measure for earnings, recommendations, and price targets in the European market. My results suggest that investors designing an analyst trading strategy should look beyond earnings or recommendations alone and include measures other than simple consensus.

引用

页码：228 / 237

页数：10

共 50 条

[1] Extracting information from European analyst forecasts
Andrea S Au
[J]. Journal of Asset Management, 2007, 8 (4) : 228 - 237
[2] ANALYST FORECASTS AND DIVIDEND INFORMATION
ROY, SP
[J]. JOURNAL OF ECONOMIC STUDIES, 1983, 10 (02) : 3 - 20
[3] Social media information and analyst forecasts
Amin, Abu
Hasan, Rajib
Malik, Mahfuja
[J]. MANAGERIAL FINANCE, 2020, 46 (02) : 197 - 216
[4] Analyst forecasts and European mutual fund trading
Franck, Alexander
Kerl, Alexander
[J]. JOURNAL OF BANKING & FINANCE, 2013, 37 (08) : 2677 - 2692
[5] Analyst information acquisition and the relative informativeness of analyst forecasts and managed earnings
Schantl, Stefan F.
[J]. ACCOUNTING AND BUSINESS RESEARCH, 2018, 48 (01) : 62 - 76
[6] The information content of managerial insider trading: evidence from analyst forecasts
Esqueda, Omar
Ngo, Thanh
Wang, Daphne
[J]. ASIAN REVIEW OF ACCOUNTING, 2021, 29 (03) : 332 - 361
[7] Analyst information production and the timing of annual earnings forecasts
Keskek, Sami
Tse, Senyo
Tucker, Jennifer Wu
[J]. REVIEW OF ACCOUNTING STUDIES, 2014, 19 (04) : 1504 - 1531
[8] Analyst information production and the timing of annual earnings forecasts
Sami Keskek
Senyo Tse
Jennifer Wu Tucker
[J]. Review of Accounting Studies, 2014, 19 : 1504 - 1531
[9] Extracting information shocks from the Bank of England inflation density forecasts
Diaz, Carlos
[J]. JOURNAL OF FORECASTING, 2018, 37 (03) : 316 - 326
[10] Information content of option prices: Comparing analyst forecasts to option-based forecasts
Sanford, Anthony
[J]. NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2024, 73

← 1 2 3 4 5 →