Browsing by Author "Prayag, C"
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- ItemOpen AccessAn evaluation of analysts' expectational data regarding firms listed on the JSE securities exchange(2004) Prayag, C; Van Rensburg, PaulThis study empirically investigates the usefulness of South African stockbroker analysts' two primary forms of expectational output: earnings forecasts and investment (buy, hold, and sell) recommendations. Instead of focusing on individual stockbroker analysts' forecasts and recommendations, the consensus estimates are examined as they are accessible to a large community of investors.