For instance, Best Buy (BBY) fell even after reporting better-than-expected earnings, Tiffany (TIF) stock wobbled after management reported higher earnings than expected but said that the pro-democracy protests in Hong Kong had disrupted business there, while Ulta Beauty (ULTA) tumbled after missing earnings forecasts
and lowering its guidance.
However, Fitch believes the non-life insurance groups may revise down their earnings forecasts
for the fiscal year ending March 2019 (FYE19) due to high catastrophe losses from the storm.
Using 1,021 CFO transitions, we find that analyst earnings forecasts
become more dispersed after male CFOs are changed to male CFOs, whereas such deterioration in forecast dispersion is much weaker following male-to-female CFO transition.
firms to release voluntary earnings forecasts
, but to offer protection for such disclosures against lawsuits, similar to laws in Canada.
One slight note of caution - analysts' earnings forecasts
tend to be downgraded as the year progresses, and this year to date has been no exception.
UK stocks trade 5 percent above their 10-year average at 12.66 times projected 12-month earnings at a time when earnings forecasts
continue to be downgraded, according to figures from Datastream.
More recent studies show that firms are more likely to issue voluntary earnings forecasts
in a less litigious environment Frost (1994), while other studies show that there are legal environment differences between the U.S.
The truck-making affiliate of Toyota revised up earnings forecasts
for the full business year citing strong sales in emerging economies such as Indonesia and Thailand.
The bank said that it had lowered its earnings forecasts
for China's publicly traded companies because slowing growth was affecting profit margins in China.
PUBLIC transport group Stagecoach increased its earnings forecasts
today on the back of improved trading in its UK rail division.
We examine opportunistic behavior of initial public offering (IPO) firms in Taiwan where they are required to disclose their own earnings forecasts
and are unrestricted in releasing news around the offerings.