What question did this study set out to answer?

The study aims to clarify the relationship between the timing of earnings forecasts and their relative accuracy.

March 18, 2026The Accounting Review

Relative Forecast Accuracy and the Timing of Earnings Forecast Announcements.

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Authors

JHJohn M. HassellIndiana University – Purdue University Indianapolis RJRobert H. Jennings

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Implication

This analysis finds that management forecasts are more accurate relative to analyst estimates, indicating important implications for disclosure regulations.

Key Points

The study aims to clarify the relationship between the timing of earnings forecasts and their relative accuracy.
Analyzed weekly consensus financial analyst earnings forecasts
Compared accuracy of management forecasts before and after analyst forecasts
Controlled for timing of forecast releases
Management forecasts released before and alongside analyst forecasts are significantly more accurate
Accuracy of analyst forecasts improves significantly after the ninth week post-management forecast

Cite This Study

Hassell et al. (1986) studied this question.

synapsesocial.com/papers/69ba43384e9516ffd37a4375 https://doi.org/10.2308/tar-4490749

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Implication

This analysis finds that management forecasts are more accurate relative to analyst estimates, indicating important implications for disclosure regulations.

Relative Forecast Accuracy and the Timing of Earnings Forecast Announcements.

Discussion

Member takes

Implication

Key Points

Cite This Study

Relative Forecast Accuracy and the Timing of Earnings Forecast Announcements.

Discussion

Member takes

Implication

Key Points

Cite This Study

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