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A study published in 2003 by the Federal Reserve Bank of Atlanta concluded that the Blue Chip forecast, on average, "performs better than any individual forecaster".
Analysts on Wall Street had forecast, on average, fourth-quarter earnings of $1.05 a share, excluding items.
Analysts surveyed by Thomson Financial had forecast, on average, earnings of $1.99 a share on revenue of $1.75 billion.
Economists surveyed by Reuters forecast on average that employers added 170,000 new jobs last month, an improvement over March's disappointing 120,000.
Economists surveyed by Reuters I/B/E/S had forecast, on average, revenue of $862.8 million, more than the $857.1 million midpoint of Baidu's forecast.
It was also well below the 250,000 forecast on average by Wall Street economists, who have been consistently wrong about jobs for the better part of the last year.
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Wall Street analysts believe demand for the iPhone 5 has been lower than expected, and are forecasting on average that net income will have slipped 2% to $12.8bn£8.1bnbn) during the last quarter compared with the same period last year.
A study I did of estimates between 1982 and 1997 (FORBES, Jan . 26 , 1998found that analysts' earnings growth forecasts on average were triple the actual earnings growth of the S&P.
According to five years of research by Siva Nathan, associate professor of accounting at Georgia State University in Atlanta, analysts whose firms have banking relationships with companies they follow issue earnings forecasts that, on average, are 6percentt higher than forecasts issued by other analysts.
And a recent study by the National Climate Data Centre at the National Oceanic and Atmospheric Administration concluded that "Phil's forecasts are, on average, inaccurate.
Payrolls are expected to have grown by about 115,000 jobs in this month's report, but those forecasts miss, on average, by about 70,000 jobs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com