Last edited by Mikazragore
Monday, May 4, 2020 | History

1 edition of The predictive ability of segmented quarterly earnings found in the catalog.

The predictive ability of segmented quarterly earnings

a test using simulated mergers of existent autonomous firms

by Peter A. Silhan

  • 205 Want to read
  • 2 Currently reading

Published by College of Commerce and Business Administration, University of Illinois at Urbana-Champaign in [Urbana] .
Written in English

    Subjects:
  • Simulation methods,
  • Consolidation and merger of corporations,
  • Time-series analysis,
  • Income forecasting

  • Edition Notes

    StatementPeter A. Silhan...
    SeriesFaculty working papers - University of Illinois at Urbana-Champaign, College of Commerce and Business Administration -- no. 715, Faculty working papers -- no. 715.
    ContributionsUniversity of Illinois at Urbana-Champaign. College of Commerce and Business Administration
    The Physical Object
    Pagination11, [7] p. :
    Number of Pages11
    ID Numbers
    Open LibraryOL24979607M
    OCLC/WorldCa6939311

    The company integrates long-standing expertise in service management and technology with the ability to exploit the power of new technologies from IBM systems and software, such as cloud computing, analytics and virtualization, to deliver high performance, innovation and improved ability to achieve business objectives.   Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today reported GAAP diluted earnings per share of $ and adju.   GAAP earnings of $ million, or $ per share, compared to $ million, or $ per share, in the prior year. Adjusted operating results of $ million, or $ per share, compared to. Full year segment revenues of $3, million, representing % growth over the prior year; Net authorizations and a net book-to-bill ratio of $1, million and x for the fourth quarter; $3, million and x for the full year; Ending backlog of $ billion, an increase of % over the prior year end.

      RPM International Expects Third Quarter Results at the Higher End of Previous Guidance. RPM International Inc. (NYSE:RPM) today announced that it expects its financial results for its fiscal third.


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The predictive ability of segmented quarterly earnings by Peter A. Silhan Download PDF EPUB FB2

Improve predictive accuracy by assessing segmented data. Each found that me-chanical model earnings forecasts de-veloped from segmented data tended to be more accurate than those developed from consolidated data only.

Recently, Silhan [] has provided a new approach to the predictability issue. Using simulated mergers of existing. To test the predictive ability of each set of data, earnings forecasts were made. Both the enterprise's segmental and consolidated models were used for these predictions.

The result indicate that, although consolidated income series provide a reasonably adequate forecast of income, geographically segmented earnings improve the accuracy of by: The potential for gains in predictive ability through The predictive ability of segmented quarterly earnings book Segmented annual earnings.

Journal of Accounting Research 2: Kinney, W. R., Jr. Spring Cited by: 5. The Predictive Ability of Geographic Segment Disclosures by U.S.

Companies 39 Journal of International Accounting Research, Given the MAE for each model (consolidated, SFAS No.and SFAS. Lorek and G. Lee Willinger ABSTRACT This paper provides information on the long-term predictive ability of annual earnings numbers. We obtained a sample of calendar, yearend firms that had complete quarterly earnings-per-share (eps) before extraordinary items available from to Author: Kenneth S.

Lorek, G. Lee Willinger. However, we find mixed evidence with respect to fair values improving the ability of earnings to predict future earnings.

Further, the ability of earnings to predict future cash flows and future earnings is improved by the use of fair value estimates only.

Quarterly Accounting Data: Time-Series Properties and Predictive-Ability Results George Foster ABSTRACT: The time-series behavior of the quarterly earnings, sales and expense series of 69 firms over the period is examined.

A Box-Jenkins time-series method-ology is adopted. Based on inspection of the cross-sectional autocorrelation function. To test the frequency of earnings management, Harvard professor Richard Zeckhauser and his coauthors, François Degeorge and Jayendu Patel, compiled more thanquarterly earnings reports.

Earnings season is one of the most anticipated points during the financial The predictive ability of segmented quarterly earnings book for the market.

It refers to the months when quarterly reports are released—generally in January, April, July, and Author: Ben Mcclure. How To Decode A Company’s Earnings Reports The Components of an Earnings Report Companies are legally required to file a quarterly report, a Q, an annual report, or the K with the : Brent Radcliffe.

Post-SFAS segment reporting has more predictive ability for consolidated earnings (Behn et al., ), has improved geographic segment disclosure that reduced the. title = "An analysis of the accuracy of long-term earnings predictions", abstract = "This paper provides information on the long-term predictive ability of annual earnings numbers.

We obtained a sample of calendar, year-end firms that had complete quarterly earnings-per-share (eps) before extraordinary items available from to Author: Kenneth S. Lorek, G. Lee Willinger. Downloadable. We investigate the role of earnings quality in determining the levels of segment disclosure, and hether and how better quality earnings and segment disclosure influences cost of capital.

Using a large US sample for the periodwe find a positive relation between earnings quality and levels of segment disclosures.

We also find that firms providing better quality segment. baseline in predicting future earnings volatility. We, instead, evaluate the predictive power of quarterly earnings calls in forecasting future volatility. Publicly listed companies are required by law to file annual K reports with the SEC.

All K filings follow the same format and solely contain information reported by the Size: KB. Using a hazard model, we examine secular changes in the ability of financial statement data to predict bankruptcy from to We identify three trends in financial reporting that could influence predictive ability with respect to bankruptcy: FASB standards, the perceived increase in discretionary financial reporting behavior, and the increase in Cited by: "Segment reporting to the capital market in the presence of a competitor," Journal of Accounting Research, Wiley Blackwell, vol.

34(2), pages Balakrishnan, R & Harris, Ts & Sen, Pk, "The Predictive Ability Of Geographic Segment Disclosures," Journal of Accounting Research, Wiley Blackwell, vol.

28(2), pages Cited by:   Changes in the predictive ability of earnings around earnings restatements Changes in the predictive ability of earnings around earnings restatements Kevin W.

Hee Purpose – The purpose of this paper is to investigate whether earnings restatements have a larger effect on the earnings quality (proxied by persistence) of restating.

1 Bank of America Reports Quarterly Earnings of $ Billion, EPS $ Results Include Merchant Services Joint Venture Impairment Charge of $ Billion (Pretax), or $ per Diluted Share(A) 3Q19 Financial Highlights1 3Q19 Business Segment Highlights1,2 Consumer Banking.

Refers to the ability of reported earnings (income) to predict a company's future earnings. Extraordinary items Material gains and losses that are both. For the past several months, I have been working on a model to predict the direction a stock will move after the company reports its quarterly earnings.

The underlying assumption is. Predictive Ability and Market Pricing of Fair Value Earnings Components. for Closed-End Funds. Introduction. This paper uses accounting data to examine competing explanations for why managers o f closed -end funds tend to harvest (realize) gains on securities that have appreciated in value, while retaining securities inAuthor: Igor Goncharov, Daniel W.

Collins, Wei Chen. predictive ability in this Bayesian manner. In our model, investors update their beliefs about the predictive accuracy of the analyst from forecast errors which become known when earnings are announced; this learning about predictive ability is then manifest in investors’ reactions to subsequent forecasts made by the analyst.

Additional information and operating data are contained in the company’s annual report, Form K, Form Qs, Form 8-Ks, Statistical Books and third quarter fiscal Earnings Presentation.

These materials, as well as a webcast of the earnings release conference call to be held at p.m. EDT on Ma are available on the company’s. The company reported segment operating income of $ million in the fourth quarter ofdown from $ million a year ago. The decline primarily reflects a decrease in favorable indirect tax settlements in Brazil, lower factory utilization and lower volume.

Full-Year Results. Goodyear’s net sales were $ billion, a 5% decrease. In terms of our results for the quarter, total adjusted revenue for the quarter ended Ma increased % to $ million from the comparable quarter of the prior year. Additional information and operating data are contained in the company’s annual report, Form K, Form Qs, Form 8-Ks and Statistical Books.

These materials, as well as a webcast of the earnings release conference call to be held at p.m. EST on Decem are available on the company’s website at A replay of. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Cognitive Solutions includes Watson, a cognitive computing platform that has the ability to interact in natural language, process big data, and learn from interactions with people and computers.

Thanks for joining our fourth quarter and full year earnings call. and we are confident in our ability to meaningfully improve our financial performance. solutions segment, GAAP. Microsoft Cloud Strength Drives Third Quarter Results.

REDMOND, Wash. — Ap — Microsoft Corp. today announced the following results for the quarter ended Maas compared to the corresponding period of last fiscal year: Revenue was $ billion and increased 15% Operating income was $ billion and increased 25%.

The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Cognitive Solutions includes Watson, a cognitive computing platform that has the ability to interact in natural language, process big data, and learn from interactions with people and computers.

Third-Quarter Segment Sales and Earnings. Construction Products Group net sales increased %, to $ million during the fiscal third quarter, compared to fiscal third-quarter net sales of $ million, reflecting organic growth of % and acquisitions contributing an additional %. Foreign currency translation reduced sales.

Books Entertainment Earnings Earnings Forecasts & Projections Based on the deployment mode, the global predictive analytics market is segmented into on-premise and cloud.

In. The valuation allowance for deferred tax assets is an estimate of the portion of deferred tax assets that is not realizable because of insufficient future taxable income. The valuation allowance account might contain forward-looking information on.

American Express Company (NYSE:AXP) today reported fourth-quarter net income of $ billion, or $ per share, compared with net income of $ billion, or $ per share, a year ago. The year-ago period included $ million, or $ per share, of certain discrete tax benefits. Additional information and operating data are contained in the company’s annual report, Form K, Form Qs, Form 8-Ks and Statistical Books.

These materials, as well as a webcast of the earnings release conference call to be held at p.m. EDT on Ma are available on the company’s website at SAN JOSE, Calif., Ap /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, will announce its second quarter fiscal results on.

Annuities. Adjusted earnings in the Annuities segment were $ million in the current quarter, compared with adjusted earnings of $ million in the third quarter of and adjusted earnings.

Revenue growth of $ million, up % from prior year The new Citation Longitude enters service with 13 aircraft deliveries in the quarter EPS of $; adjusted EPS of $, excluding fourth quarter special charges full-year EPS outlook of $ - $ Textron Inc.

(NYSE: TXT) today reported fourth quarter net income of $ per share. Adjusted net income. GAAP Earnings Per Share - Diluted $ $ $ $ Adjustments: Restructuring and related charges (A) - Foreign exchange losses on intercompany transactions (A) - Non-GAAP Adjusted Earnings Per Share.

—Solid growth in Publishing segment primarily due to favorable timing for Book sales and continued growth in Test Preparation and Course Workflow —Fourth quarter earnings performance primarily due to strong profit improvement in Publishing and Solutions Fourth Quarter Performance Summary (millions) Q4 Q4 Change Change (ex-FX).

Adjusted earnings per share of $ increased 4 percent versus $ in The increase in adjusted earnings per share was due primarily to higher operating earnings, partially offset by a higher tax rate.

Reported operating earnings for the fourth quarter of $ million were down 37 percent versus $ million in the fourth.Fiscal 4th Quarter Earnings Conference Call Novem See how our discoveries today create segment realignment, backlog methodology and pension cost FY19 book-to-bill x, pro forma for KeyW Fiscal results 12File Size: 3MB.

Regions Financial Corporation (NYSE:RF) today announced earnings for the first quarter ended Ma The company reported net income available to common shareholders of $ million, and.