Bundled earnings guidance and analysts' forecast revisions

• Main Authors: HSU, Charles, WANG, Rencheng
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: bundled guidance; management forecast; analyst forecast; earnings announcement; timely forecast; information processing; Accounting; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/soa_research/1924; https://ink.library.smu.edu.sg/context/soa_research/article/2951/viewcontent/Contemporary_Accting_Res___2021___Hsu___Bundled_Earnings_Guidance_and_Analysts__Forecast_Revisions.pdf
• Institution: Singapore Management University

Bundling managerial earnings guidance with quarterly earnings announcements (EAs) has become an increasingly common practice. This study investigates the impact of bundled guidance on analysts' forecast revisions. Our findings indicate that analysts respond more to bundled guidance than non-bun...