{"id":"https://openalex.org/W576199783","doi":null,"title":"How do analysts forecast earnings","display_name":"How do analysts forecast earnings","publication_year":2009,"publication_date":"2009-01-01","ids":{"openalex":"https://openalex.org/W576199783","mag":"576199783"},"language":"en","primary_location":{"id":"pmh:oai:opus.lib.uts.edu.au:10453/14171","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10453/14171","pdf_url":"http://hdl.handle.net/10453/14171","source":{"id":"https://openalex.org/S4377196279","display_name":"OPUS - Open Publications of UTS Scholars (University of Technology Sydney)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114017466","host_organization_name":"University of Technology Sydney","host_organization_lineage":["https://openalex.org/I114017466"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Conference Proceeding"},"volume":null,"type":"conference-paper","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10453/14171","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5028285501","display_name":"David Lambert","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"David Lambert","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5020973600","display_name":"Zoltan Paul Matolcsy","orcid":"https://orcid.org/0000-0001-6566-5079","observed_orcids":["https://orcid.org/0000-0001-6566-5079"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Zoltan Matolcsy","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6566-5079","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5011661306","display_name":"Anne Wyatt","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Anne Wyatt","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":93},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.861299991607666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.861299991607666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11918","display_name":"Forecasting Techniques and Applications","score":0.09489999711513519,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.01769999973475933,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/analyst-earnings-forecasts","display_name":"analyst earnings forecasts","score":0.9419999718666077},{"id":"https://openalex.org/keywords/earnings-prediction","display_name":"earnings forecasting","score":0.5669999718666077},{"id":"https://openalex.org/keywords/fundamental-analysis","display_name":"fundamental analysis","score":0.9390000104904175},{"id":"https://openalex.org/keywords/earnings-per-share","display_name":"earnings per share","score":0.5799999833106995}],"concepts":[{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.665255069732666},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4133185148239136},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4095470905303955},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.39931538701057434},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.32629847526550293},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3253273367881775},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3215494751930237}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:opus.lib.uts.edu.au:10453/14171","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10453/14171","pdf_url":"http://hdl.handle.net/10453/14171","source":{"id":"https://openalex.org/S4377196279","display_name":"OPUS - Open Publications of UTS Scholars (University of Technology Sydney)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114017466","host_organization_name":"University of Technology Sydney","host_organization_lineage":["https://openalex.org/I114017466"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Conference Proceeding"},{"id":"mag:576199783","doi":null,"is_oa":false,"landing_page_url":"https://opus.lib.uts.edu.au/bitstream/10453/14171/1/2008005140.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:opus.lib.uts.edu.au:10453/14171","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10453/14171","pdf_url":"http://hdl.handle.net/10453/14171","source":{"id":"https://openalex.org/S4377196279","display_name":"OPUS - Open Publications of UTS Scholars (University of Technology Sydney)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114017466","host_organization_name":"University of Technology Sydney","host_organization_lineage":["https://openalex.org/I114017466"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Conference Proceeding"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W576199783.pdf","grobid_xml":"https://content.openalex.org/works/W576199783.grobid-xml"},"referenced_works_count":36,"referenced_works":["https://openalex.org/W1494124194","https://openalex.org/W1855283887","https://openalex.org/W1926291594","https://openalex.org/W1967330734","https://openalex.org/W1968208875","https://openalex.org/W1978078888","https://openalex.org/W1995172097","https://openalex.org/W2009078406","https://openalex.org/W2013615519","https://openalex.org/W2017722791","https://openalex.org/W2027049004","https://openalex.org/W2028689509","https://openalex.org/W2030461909","https://openalex.org/W2042074295","https://openalex.org/W2045015317","https://openalex.org/W2045052249","https://openalex.org/W2052711321","https://openalex.org/W2069414789","https://openalex.org/W2070271651","https://openalex.org/W2076947889","https://openalex.org/W2081692440","https://openalex.org/W2086321729","https://openalex.org/W2096815396","https://openalex.org/W2113213672","https://openalex.org/W2116184502","https://openalex.org/W2144533944","https://openalex.org/W2148916755","https://openalex.org/W2149447139","https://openalex.org/W2170341003","https://openalex.org/W2315939576","https://openalex.org/W3023181463","https://openalex.org/W3121306109","https://openalex.org/W3123014936","https://openalex.org/W3123065606","https://openalex.org/W3124412876","https://openalex.org/W3124631325"],"related_works":["https://openalex.org/W3124277494","https://openalex.org/W2228623821","https://openalex.org/W97247249","https://openalex.org/W2053137414","https://openalex.org/W600966833","https://openalex.org/W7136211295","https://openalex.org/W1981634379","https://openalex.org/W7136416448","https://openalex.org/W4235082343","https://openalex.org/W2254426564"],"abstract_inverted_index":{"This":[0],"paper":[1,25],"examines":[2],"the":[3,12,29,47,57,63,72,79,88,109,120,180,183,190,201,206,218,225,236],"question":[4],"of":[5,14,17,31,49,103,105,131],"how":[6],"analysts":[7,15,50,61,77,121,149,166,199,229],"forecast":[8,51,74,172,234],"earnings.":[9,23],"We":[10],"examine":[11],"determinants":[13],"forecasts":[16,33,155],"both":[18],"short":[19,173],"and":[20,113,143,151,156,174],"long":[21,157,175,207],"run":[22,158,176],"The":[24,129],"is":[26,40,67,134,235],"motivated":[27],"by":[28,42,222,241],"importance":[30],"analyst":[32,73],"as":[34],"proxies":[35],"for":[36,127,148],"expected":[37],"earnings,":[38],"which":[39],"accompanied":[41],"a":[43,97,211],"large":[44],"literature":[45,75],"on":[46,56,168],"properties":[48],"errors":[52],"but":[53],"limited":[54],"evidence":[55],"first":[58],"order":[59],"effecthow":[60],"produce":[62],"earnings":[64],"forecasts.":[65],"There":[66],"an":[68],"implicit":[69],"assumption":[70],"permeating":[71],"that":[76,165,198,228],"use":[78,122,200],"fundamental":[80,192],"analysis":[81,125,185,193],"based":[82],"forecasting":[83,94,202],"frameworks":[84,95],"laid":[85],"out":[86],"in":[87,101,182,205],"leading":[89],"business":[90,124,184],"valuation":[91],"texts.":[92],"These":[93],"evaluate":[96],"firms":[98,110],"future":[99],"prospects":[100],"terms":[102],"sets":[104],"factors":[106],"relating":[107],"to":[108,135,171,209,215,217],"industry,":[111],"strategy,":[112],"financial":[114],"information.":[115],"Prior":[116],"studies":[117],"generally":[118],"assume":[119],"this":[123,132,138],"framework":[126,203],"forecasting.":[128],"contribution":[130],"study":[133],"explicitly":[136],"test":[137],"proposition.":[139],"For":[140],"28,261,":[141],"21,051":[142],"25,053":[144],"US":[145],"firm-year":[146],"observations":[147],"1":[150],"2":[152],"year":[153],"ahead":[154],"EPS":[159,170,177,220,233,239],"forecasts,":[160],"our":[161,195],"key":[162],"findings":[163],"suggest":[164,197,227],"anchor":[167],"historical":[169,219,238],"consistent":[178],"with":[179,189],"recommendations":[181],"frameworks.":[186],"However,":[187],"inconsistent":[188],"recommended":[191],"frameworks,":[194],"results":[196,226],"only":[204],"run,":[208],"obtain":[210],"long-run":[212],"growth":[213],"rate":[214],"apply":[216],"reported":[221,240],"management.":[223,242],"Overall,":[224],"believe":[230],"their":[231],"best":[232],"current":[237]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1}],"updated_date":"2026-10-13T10:08:12.033832","created_date":"2016-06-24T00:00:00"}
