The analyst accuracy in predicting the direction of 1-year ahead earnings was 52.7% (between 1983-2021). Meaning around 53% of the time, the median analyst earnings estimate was correct in terms of direction vs last year’s earnings. But to cut them some slack, analysts provides other values as well, not just predictions 😊
🤩interesting
Interesting, what is the accuracy of analysts?
The analyst accuracy in predicting the direction of 1-year ahead earnings was 52.7% (between 1983-2021). Meaning around 53% of the time, the median analyst earnings estimate was correct in terms of direction vs last year’s earnings.
But to cut them some slack, analysts provides other values as well, not just predictions 😊