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March 18, 2026The Accounting Review

An Evaluation of Security Analysts' Forecasts.

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Authors

TCTimothy CrichfleldTDThomas R. DyckmanJLJosef Lakonishok

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Overview

This evaluation examines the accuracy of security analysts' earnings forecasts, suggesting implications for financial decision-making.

Key Points

  • The study aims to assess the accuracy and reliability of earnings per share forecasts made by security analysts.
  • Analysis of forecast accuracy over time relative to reporting dates
  • Examination of systematic biases in earnings per share predictions
  • Investigation of forecast variability among analysts as reporting dates approach
  • Analysts' forecasts become more accurate as the reporting date approaches.
  • Predictions show no significant systematic bias in earnings per share forecasts.
  • No evidence found supporting a decline in forecast variability as reporting dates near.

Cite This Study

Crichfleld et al. (1978) studied this question.

synapsesocial.com/papers/69ba434a4e9516ffd37a46e4https://doi.org/10.2308/tar-4485361
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Analysts' Forecasts.1991 · 12 citations
  2. 2The Formation of Earnings Expectations.1985
  3. 3A Comparison of the Accuracy of Corporate and Security Analysts' Forecasts of Earnings: A Reply.1977
  4. 4Security Price Response to Quarterly Earnings Announcements and Analysts' Forecast Revisions.1989
  5. 5A Re‐Examination of Financial Analysts' Differential Earnings Forecast Accuracy*1997 · 78 citations