Another Reason To Ignore Earnings Estimates
August 18, 2008
Felix Salmon submits:
Baruch thinks that sell-side analysts deliberately game the earnings-expectations system:
Analysts with buy ratings on a stock will have lower earnings numbers going into quarters than their peers, so they don’t inadvertently raise the average of published sell side expectations, "the consensus number" as calculated by Bloomberg or Reuters.
Another Reason To Ignore Earnings Estimates
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