The number of firms reporting earnings on a non‐GAAP basis has increased dramatically
over the last decade, and non‐GAAP reporting is now commonplace in capital markets. This …

The data quality of commercial business and financial databases greatly affects research
quality and reliability. The presence of data quality problems can not only distort research …

We provide new evidence about how analysts incorporate and improve on management
ETR forecasts. Quarterly ETR reporting under the integral method provides mandatory point …

The Editor commissioned this replication of Ball and Brown (1968) for a special issue of the
Pacific-Basin Finance Journal commemorating the 50th anniversary of its publication. We …

This study examines the differential predictive power of past earnings volatility for analyst
forecast errors and future returns. Past earnings volatility jointly captures two correlated, but …

Consensus estimates, formed by taking an average of analyst forecasts, play an important
role in capital markets (eg, provide investors with a proxy for earnings expectations). We …

We explore patterns of street earnings surprises over time. We find a steady increasing trend
in positive street earnings surprises over the past two decades. This trend reflects an …

Purpose The purpose of this paper is to investigate the association between ownership
structure and the properties of analysts' forecasts in China's unique corporate setting …

Purpose To the authors' knowledge, this paper is the first to use Detail I/B/E/S to study
directly the timeliness of security analysts' next-year earnings-per-share (EPS) estimates …

Earnings and revenue are ranked as the two most important performance measures
reported to outsiders. However, prior literature primarily focuses on management's …