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Earning Forecast Revision; Last Minute; Security Analyst; Stock Recommendation
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Earnings Forecast And Stock Recommendation By Security Analysts, Cunyu Xing
Earnings Forecast And Stock Recommendation By Security Analysts, Cunyu Xing
Dissertations, Theses, and Capstone Projects
This dissertation consists of 3 chapters.
Chapter 1: Last Minute Earning Forecast Revision
Chapter 2: Security Analysts' Double Down Behavior in Stock Recommendation
Chapter 3: Cost of Speaking in Two Different Tongues
Chapter 1: I study financial analysts who revise their earnings forecasts just a few days before firms' earnings announcement. Analysts who apply this strategy are more accurate in their earnings forecasts, and they are more likely to move to a larger brokerage firm. All-star analysts are more likely to take this last minute revision strategy than non-all-star analysts. All-star analysts using the strategy are likely to maintain their …