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Do Analysts’ Earnings Per Share Forecasts Contain Valuable Information Beyond One Quarter? The Case of Publicly Traded Agribusiness Firms

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  • Lewis, Daniel
  • Manfredo, Mark R.
  • Sanders, Dwight R.
  • Scott, Winifred

Abstract

Analysts’ forecasting of earnings per share for multiple quarter time horizons of eleven agribusiness companies is evaluated using a mean absolute scaled error and a direct test. Results illustrate that unique information is consistently found. Rational and efficient expectations are formed periodically. Analysts’ performance declines as the time horizon increases.

Suggested Citation

  • Lewis, Daniel & Manfredo, Mark R. & Sanders, Dwight R. & Scott, Winifred, 2012. "Do Analysts’ Earnings Per Share Forecasts Contain Valuable Information Beyond One Quarter? The Case of Publicly Traded Agribusiness Firms," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124480, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea12:124480
    DOI: 10.22004/ag.econ.124480
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    Keywords

    Agribusiness; Agricultural Finance; Industrial Organization;
    All these keywords.

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