|
AgEcon Search >
Western Agricultural Economics Association >
2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/42436
|
| Title: | Quarterly Earnings Estimates for Publicly Traded Agribusinesses: An Evaluation |
| Authors: | Manfredo, Mark
Sanders, Dwight
Scott, Winifred |
| Authors (Email): | Manfredo, Mark (manfredo@asu.edu)
Sanders, Dwight (dwights@siu.edu)
Scott, Winifred (winifred.scott@asu.edu) |
| Keywords: | Earnings per share
forecasting
forecast evaluation |
| Issue Date: | 2008-07 |
| Abstract: | Decisions made by publicly traded agribusinesses impact suppliers, processors, farmers, and even rural communities. Professional analysts’ estimates of earnings per share (EPS) provide a unique source of information regarding firm-level financial performance. Incorporating a battery of tests, this research examines the forecast properties of consensus analysts’ EPS estimates reported in the Institutional Brokers Estimate System for a sample of publicly traded food companies. While the results are mixed among firms, they suggest 1) analysts forecasts are largely unbiased but inefficient, and may not encompass information in simple time series models, and 2) EPS may be becoming more difficult to estimate. |
| URI: | http://purl.umn.edu/42436 |
| Institution/Association: | Western Agricultural Economics Association>2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana |
| Total Pages: | 26 |
| Collections: | 2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| WAEA 08 - Manfredo Sanders Scott.pdf | Conference Paper | 323Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
