A look back at the value of Wall Street analyst year-end stock market forecasts

FactSet senior earnings analyst John Butters says analysts typically overestimate EPS and target price by about 2% to 3.5%, when adjusted for outlier years like 2001 and 2008-2009. Without the adjustment, he found the overestimates were about 9% for target price and 7% for EPS.
Mon, Dec 21 20208:00 AM EST