Earnings Surprises, Growth Expectations, and Stock Returns or Don't Let an Earnings Torpedo Sink Your Portfolio

Keywords

Earnings, Stock (firearms), Growth stock, Portfolio, Business

References

• Earnings Preannouncement StrategiesLeonard C. Soffer, S. Ramu Thiagarajan, Beverly R. Walther — 2000
• To Warn or Not to Warn: Management Disclosures in the Face of an Earnings Surprise.Ron Kasznik, Baruch Lev — 1995
• Earnings Management to Exceed ThresholdsFrançois Degeorge, Jayendu Patel, Richard Zeckhauser — 1999
• A Temporal Analysis of Earnings Surprises: Profits Versus LossesLawrence D. Brown — 2001
• Earnings management and the performance of seasoned equity offeringsSrinivasan Rangan — 1998
• A NONLINEAR MODEL OF SECURITY PRICE RESPONSES TO UNEXPECTED EARNINGSRobert N. Freeman, Senyo Y. Tse — 1992
• Timeliness Of Reporting And The Stock-Price Reaction To Earnings AnnouncementsAnne Chambers, Stephen H. Penman — 1984
• The information content of lossesCarla Hayn — 1995
• Returns to contrarian investment strategies: Tests of naive expectations hypothesesPatricia Dechow, Richard G. Sloan — 1997
• WHY FIRMS VOLUNTARILY DISCLOSE BAD-NEWSDouglas J. Skinner — 1994
• Investment Performance of Common Stocks in Relation to their Price-Earnings RatiosSudipta Basu — 1977
• Market efficiency, long-term returns, and behavioral finance 1 The comments of Brad Barber, David HiEugene F. Fama — 1998
• A Model of Investor SentimentNicholas Barberis, Andrei Shleifer, Robert W. Vishny — 1997
• Good News for Value Stocks: Further Evidence on Market EfficiencyRafael La Porta, Josef Lakonishok, Andrei Shleifer — 1997
• Implications of Data Restrictions on Performance Measurement and Tests of Rational PricingS.P. Kothari, Jowell S. Sabino, Tzachi Zach — 1999
• Earnings management and the underperformance of seasoned equity offeringsSiew Hong Teoh, Ivo Welch, T.J. Wong — 1998
• Contrarian Investment, Extrapolation, and RiskJosef Lakonishok, Robert W. Vishny, Andrei Shleifer — 1994
• Expectations and the Cross-Section of Stock ReturnsRAFAEL LA PORTA — 1996
• The Rewards to Meeting or Beating Earnings ExpectationsEli Bartov, Dan Givoly, Carla Hayn — 2002
• Overreaction, Underreaction, and the Low-P/E EffectDavid N. Dreman, Michael A. Berry — 1995

Cited by

• Is U.S. Multinational Intra-Firm Dividend Policy Influenced by Capital Market Incentives?Jennifer Blouin, Linda K. Krull, Leslie A. Robinson — 2009
• Choosing the Precision of Performance MetricsAlan D. Crane, Andrew Koch, Chishen Wei — 2018
• An investigation into the winner-loser and momentum anomalies in four medium-sized European marketsCormac O’Keeffe — 2013
• Does Aggressive Financial Reporting Accompany Aggressive Tax Reporting (and Vice Versa)Mary Margaret Frank, Luann J. Lynch, Sonja O. Rego — 2004
• The Effect of Analyst Forecasts during Earnings Announcements on Investor Responses to Reported EarningsGerald J. Lobo, Minsup Song, Mary Harris Stanford — 2015
• Does The Market See Through Seasonal Quarterly Earnings PatternsJohn M. Carlson — 2016
• Behavioral Corporate Finance: A Current SurveyMalcolm Baker, Jeffrey Wurgler — 2012
• Empirical Essays in Corporate Finance and Financial ReportingMarieke van der Poel — 2003
• Meeting Analyst Forecasts and Stock ReturnsIoan Mirciov — 2010
• Market misvaluation and earnings management. Evidence from Italian financial marketElisa Raoli — 2012
• Tax aggressiveness, tax environment changes, and corporate governanceCarlos E. Jiménez-Angueira — 2008
• O alisamento dos resultados numa empresa: o caso do Grupo SONANGOLSolo, Jabur — 2014
• Individual managers, financial reporting and the managerial labor marketZhejia Ling — 2012
• Does the Stock Market Know the Systematic Bias in Management Earnings Forecasts? : Empirical Evidence from JapanKoji Ota — 2002
• Corporate Social Responsibility Reporting and Earnings Management: The Role of Political CostsErica Yip, Chris van Staden, Steven F. Cahan — 2011
• Essays on Corporate Financial ReportingAhmet C. Kurt — 2012
• The Expectations Clock: A Unified Model for Over- and Under-ReactionG. Kevin Spellman — 2009
• Director tenure and independent audit committee effectivenessShuai Liu, Jerry Sun — 2010
• The relationship between governance practices, audit quality and earnings management : UK evidenceRohaida Basiruddin — 2011
• Managerial Discretion in Business Combinations Reporting under SFAS 141Ron Shalev — 2007

Related papers

• EARNINGS ANNOUNCEMENTS AND STOCK RETURNSAbdullah M. Shoeb, Jorge Brusa — 2018
• A Model of Stock Prices Leading EarningsJay Junghun Lee — 2018
• Effect of Earnings Quality on Stock ReturnsAnping Tang — 2005
• How important are semi‐annual earnings announcements? An information event perspectiveStephen L. Taylor, Alex Tong — 2023
• Impact of Earnings Announcements on Share Prices: SwitzerlandProf. Dr. Ahmed Al-Baidhani أ. د. احمد البيضاني — 2019
• Share Price Response to Earnings Disclosures in SwedenProf. Dr. Ahmed Al-Baidhani أ. د. احمد البيضاني — 2019
• Stock Returns, Aggregate Earnings Surprises, and Behavioral FinanceJonathan Lewellen, S.P. Kothari, Jerold B. Warner — 2006
• Earnings Revisions and Portfolio ReturnsScott Mixon — 2001
• Stock Returns, Aggregate Earnings Surprises, And Behavioral FinanceS.P. Kothari, Jonathan Lewellen, Jerold B. Warner — 2003
• Do Earnings Explain the January EffectHai Lu, Qingzhong Ma — 2003