The handbook of corporate earnings analysis

The handbook of corporate earnings analysis

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The past 25 years have witnessed an unprecedented explosion in the sheer volume of forecasts on individual company and stock market performance. Motivating this research has been equity analyst and investor awareness that a company's value is driven by one key variable - anticipated growth in earnings. The bottom line is that corporate earnings, particularly any surprise earnings announcement, often causes dramatic swings in stock market prices and potentially creates attractive investment opportunities. So how should corporate earnings information be organized and analyzed in order to identify profitable investment opportunities? A compendium of the best articles ever written on corporate earnings, The Handbook Corporate Earnings Analysis answers this question and many more by drawing upon this work of leading academics and practitioners in the field - published for the first time in one classic volume. Selected by editors Brian Bruce and Charles Epstein, with input from a blue ribbon panel of experts, this superb book contains 25 seminal and pioneering research papers on corporate earnings analysis. In total, they explore why analysts earnings expectations are the most accurate forecasts of corporate earnings and why understanding earnings expectations can be more important to successful investing than historical analysis or management estimations. To explain why this is true, The Handbook of Corporate Earnings Analysis evaluates the historical accuracy of analysts earnings' projections and the effects of those forecasts on stock prices. In addition, it examines the inherent information content of earnings forecasts and outlines some of the best forecasting methods in detail, demonstrating practical investment strategies that can exploit changes in earnings expectations to boost portfolio returns. Learn from leading investors, research analysts and academics why corporate earnings expectations are the key factor in determining a stock's value - and put them to use to gain a competitive investment performance and stock market valuation Brian R. Bruce, Charles B. Epstein ... Of the approximately 3, 600 firms on the Zacks database for fiscal year- ends within 1981-1985, 1, 465 have revisions that meet the selection criteria.

Title:The handbook of corporate earnings analysis
Author:Brian R. Bruce, Charles B. Epstein
Publisher:Irwin Professional Publishing - 1994-01


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