Not All Beats Are Equal: Anchoring on the Nominal Earnings Surprise
Shows that stock returns respond more to the same percentage surprise when reported earnings are larger in cents, consistent with anchoring on nominal rather than percentage earnings beats.
Featured in No. 138 on 6 Nov 2026 · 2 days after release
- Released
- 4 Nov 2026
- First featured
- No. 138 · 6 Nov 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7676359
- Authors
- Petrus H. Ferreira et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).