Most publicly traded companies are analyzed by numerous analysts. These analysts often dont agree about a companys future prospects. In this exercise you will find analysts ratings about companies and make comparisons over time and across companies in the same industry. You will also see to what extent the analysts experienced earnings surprises. Earnings surprises can cause changes in stock

Chapter 16, Broadening Your Perspective #3

Most publicly traded companies are analyzed by numerous analysts. These analysts often don’t agree about a company’s future prospects. In this exercise you will find analysts’ ratings about companies and make comparisons over time and across companies in the same industry. You will also see to what extent the analysts experienced “earnings surprises.” Earnings surprises can cause changes in stock prices.

Steps

1. Choose a company.

2. Use the index to find the company’s name.

3. Choose Research.

Instructions

(a) How many analysts rated the company?

(b) What percentage rated it a strong buy?

(c) What was the average rating for the week?

(d) Did the average rating improve or decline relative to the previous week?

(e) How do the analysts rank this company among all the companies in its industry?

(f) What was the amount of the earnings surprise percentage during the last quarter?


This problem has been solved!


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Related Book For answer-question

Accounting Principles

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

ISBN: 978-0470533475