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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (55801)	4/13/1999 12:07:00 PM
From: per strandberg	Read Replies (1) \| Respond to of 132070

MDB, re: "better than expected" Making a statistical analysis of estimated vs reported eps, it is easy to see that reports coming in at 1 (or 2) pennies above have significantly higher frequency than 1 (or 2) pennies below. If the analysts are systematically estimating too low, they should correct for this systemic error. I.e if they want to be as accurate as possible. Obviously they do not. The great majority seem to be quite willing to participate in this ridiculous charade, which should fool no-one but somehow seems to be taken seriously. My question is: Are there any formal requirements for being an analyst (like being an accountant)? Are there any laws regulating their access to "priviledged" information? I read about class actions against companies all the time. Have there ever been legal actions against analysts? I have seen an "analyst grading score" being mentioned somewhere. Do you know where I can find some statistics about how different analysts have performed? Regards Per S