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Earnings Expectations in the COVID Crisis

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NBER2020-05-01 更新2025-01-04 收录
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We analyze firm-level analyst forecasts during the COVID crisis. First, we describe expectations dynamics about future corporate earnings. Downward revisions have been sharp, mostly focused on 2020, 2021 and 2022, but much less drastic than the lower bound estimated by Gormsen and Koijen (2020).

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2020-05-01
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