Analysts earnings forecasts
Subtitle: an alternative data source for failure prediction
By: O. Douglas Moses
Contributors: Naval Postgraduate School (U.S.)
Publisher: Naval Postgraduate School
Published: 1986
Place of publication: Monterey, California
Language: eng
Number of pages: 33
Subjects: Economics; Financial management; Analysis
Description: This study investigates four properties of earnings forecasts made by financial analysts to determine if systematic differences in these properties exists failing and healthy firms. The four properties are: The level of forecasts, forecast error, forecast bias, and forecast dispersion. Measures reflecting the four properties are used in models to distinguish failing and healthy firms and predict future bankruptcy. Results indicate that measures developed from analysts forecasts of future earnings can be exploited to distinguish failing from healthy firms.
Notes: Title from cover.

"Prepared for: Chief of Naval Research, Arlington, VA 22217."

"November 1986"--Cover.

"NPS-54-86-015"--Cover.

Includes bibliographical references (p. 30-32)

"Approved for public release; distribution is unlimited"--Cover.

Technical report; 1986.

ck/ 4/2/09.

aq/aq cc:9116 07/24/98