Long-Term Earnings Growth Forecasts, Limited Attention, and Return Predictability

Long-term earnings expectations are critically important to stock price valuations. We identify relative optimism and relative pessimism in long-term analyst forecasts by comparing these forecasts with implied short-term earnings growth forecasts across firms within the same industry. Stocks with re...

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Bibliographic Details
Main Authors: WARACHKA, Mitchell Craig, Da, Z.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/1565
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Institution: Singapore Management University
Language: English
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