Return Predictability and Trends in Earnings Surprises
We document that trends in firm-level earnings surprises predict returns. This finding demonstrates that consistency within the sign of multiple prior quarterly earnings surprises is important for future returns. The return predictability of trends remains after controlling for the relatively large...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/1567 |
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| Institution: | Singapore Management University |
| Language: | English |