As of late 2012, the mean consensus earnings forecast for BP plc (LSE: BP.L; NYSE: BP) for
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As of late 2012, the mean consensus earnings forecast for BP plc (LSE: BP.L; NYSE: BP)
for the fiscal year ending December 2012 was \($0.91\) . Of the 33 estimates, the low forecast was \($0.87\) , the high forecast was \($1.20\) , and the standard deviation was \($0.0952\). If actual reported earnings for 2012 come in equal to the high forecast, what would be the measure of the earnings surprise for BP scaled to reflect the dispersion in analysts’ forecasts?
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