Exhibits 24 and 25 provide information about the earnings surprise history for two companies: Exxon Mobil Corporation

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Exhibits 24 and 25 provide information about the earnings surprise history for two companies:

Exxon Mobil Corporation (NYSE: XO M) and Volkswagon AG (Xetra: VOW).

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i. Explain how XO M’s SUE score of 0.16 for the quarter ending September 2013 is calculated.

ii. Based on these exhibits, for which company were the consensus forecasts less accurate over the past four quarters?

iii. Was the consensus forecast more accurate for XO M or VOW for the quarter ending March 2013?

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Related Book For  book-img-for-question

Equity Asset Valuation

ISBN: 9781119850519

3rd Edition

Authors: Jerald E Pinto, CFA Institute

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