If you are in search of accurate forecasts on a company’s earnings and future stock prices, you could do better turning to analysts who have recently disclosed a wide range of forecasts for the same company—not only earnings and price targets, but also cash flow, dividends, book value, capital expenditure, gross margin, operating income, pre-tax income forecasts and so on, according to a new paper by Peter Pope of Bocconi’s Department of Accounting and recent Bocconi Ph.D. graduate Tong Wang, now at Barclays plc in London.
Click here for original story, Analysts who disclose company forecasts for a wide range of financial outcomes have better performance, finds study
Source: Phys.org