China Has Been Twice as Hard to Predict
EPS Forecasts Have Been Less Accurate in China Compared to the Global Average
- The chart above is based on the same methodology laid out in An Empirical Study of Financial Analysts Earnings Forecast Accuracy
- Globally, analysts have on average been 22% wrong in their EPS forecasts
- Chinese analysts have been more inaccurate on average at 40%
- Remember, YAAW! You Are Always Wrong!
EPS Forecasts in China, Least Accurate in Telecoms, Most Accurate in Health Care
- Telecoms and Materials were off by about 60%
- Health Care off by 20%
- Note: Since Telecoms only consisted of two major companies this result could be unreliable
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