This study finds that analysts' forecast data files, commonly used by accountants and
financial analysts to estimate market expectations about earnings announcements, contain …

Earnings surprise occurs when the firm's reported earnings per share deviates from the
street estimate. This study shows that earnings surprises are useful in identifying portfolios …

The relation of share prices to the information in annual earnings announcements is
investigated by measuring return-surprise correlations across partitions of the distribution of …

This study evaluates the performance of an ESP (Earnings Surprise Predictor) trading model
in the stock markets of Hong Kong and Singapore during the decade ending year 2000 …

A complete theory for evaluating forecasts has not been worked out to this date. Many
studies on forecast evaluation implicitly relied on assumptions that are not supported by …