A lesson on the perils of projecting earnings from the Harvard Business Review’s The Daily Stat: For the past quarter century, equity analysts’ earnings-growth estimates have been almost 100% too high. Their overoptimistic projections have generally ranged from 10% to 12% annually, compared with actual growth of 6% (excluding the spike in growth from 1998–2001), [...]
Posts Tagged ‘Robert Bruce’
Equity analysts overoptimistic
Posted in About, Stocks, Value Investment, tagged Mean reversion, Robert Bruce on May 27, 2010 | 3 Comments »
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