Are Financial Analysts' Forecasts of Corporate Profits Rational?

Does the Stock Market Overreact?

1985 • 7,120 citations

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

Rational Expectations and the Theory of Price Movements

1961 • 5,518 citations

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis

1980 • 2,192 citations

Analysts' forecasts as earnings expectations

1988 • 1,063 citations

Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior

1992 • 1,022 citations

Financial analysts' forecasts of earnings

1982 • 608 citations

The association between revisions of financial analysts' earnings forecasts and security-price changes

1990 • 591 citations

Testing the Rationality of Price Forecasts: New Evidence from Panel Data

1990 • 528 citations

Do analysts' earnings forecasts incorporate information in prior stock price changes?

1991 • 521 citations

The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors

1979 • 480 citations

THE SUPERIORITY OF ANALYST FORECASTS AS MEASURES OF EXPECTATIONS: EVIDENCE FROM EARNINGS

1978 • 462 citations

The information content of financial analysts' forecasts of earnings

1979 • 440 citations

Evidence on the Possible Underweighting of Earnings-Related Information

1991 • 368 citations

Security Analyst Superiority Relative to Univariate Time-Series Models in Forecasting Quarterly Earnings

2008 • 355 citations

Security Analyst Multi-Year Earnings Forecasts and the Capital Market

1985 • 339 citations

What do Economists Know? An Empirical Study of Experts' Expectations

1981 • 313 citations

Predicting Individual Analyst Earnings Forecasts

1990 • 278 citations

Professional Expectations: Accuracy and Diagnosis of Errors

1984 • 277 citations

The Formation of Inflationary Expectations

1981 • 254 citations

CROSS-SECTIONAL DEPENDENCE AND PROBLEMS IN INFERENCE IN MARKET-BASED ACCOUNTING RESEARCH

1987 • 251 citations

Using Value Line and IBES Analyst Forecasts in Accounting Research

1991 • 224 citations

A direct test of the cognitive bias theory of share price reversals

1990 • 218 citations

THE CONSENSUS AND ACCURACY OF SOME PREDICTIONS OF THE GROWTH OF CORPORATE EARNINGS

1968 • 211 citations

Earnings Estimates and the Accuracy of Expectational Data

1972 • 151 citations

A Multivariate Analysis of Annual Earnings Forecasts Generated from Quarterly Forecasts of Financial Analysts and Univariate Time-Series Models

1980 • 151 citations