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[sharechat] Accuracy of Analysts' Forecasts

From:	"Douglas Stewart" <dougstew@ihug.co.nz>
Date:	Wed, 10 Jan 2001 08:52:56 +1300

I noticed an article this morning which includes the information that analysts' earnings forecasts in the U.S. are inaccurate by an average of 44%. At first sight this number seems extraordinarily high to me - maybe I'm just being naive.

http://www.bloomberg.com/feature/feature979052129.html

Does anyone have a figure for analysts' forecasts in NZ? It would be a simple, although rather time consuming task to take copies of the Investment Year Book going back a year or two and compare the forecast and actual earnings. Has anyone done this or got any data?

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