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Zhang, Q. Cao, M. Schniederjans, Neural Network Earnings Per Share Forecasting Models: A Comparative Analysis of Alternative Methods.
In each industry, Zacks Investment Research ranks security analysts on their stock picking skill over the three calendar years ended Dec. 2007, and separately ranks the same analysts on their earnings per share forecasting accuracy, by company, for the three most recent fiscal years available prior to publication of these analyst rankings.
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The average per share forecast was 25 pence.
Profit, at $1.67 a share, was higher than the $1.57 a share forecast.
That beat the 96 cents a share forecast by analysts surveyed by Thomson Reuters.
The profit would be higher than the $3.72 a share forecast by analysts surveyed by Thomson First Call.
Analyst Tim Ramskill also raised his earnings per share forecast for 2013 by 7%.
The analyst cut her 2008 profit per share forecast to 45 cents from $3.70.
The 11-cent earnings widely exceeded the 6 cents a share forecast by analysts surveyed by First Call/Thomson Financial.
As a result we raised 2012 -2014 earnings per share forecast by 5%to30%0%.
We have increased our earnings per share forecast from $3.30 to $3.35, in line with guidance.
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