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If an equity analyst can correctly and consistently predict whether a company will surprise positively or negatively, why is it still challenging to guarantee making
If an equity analyst can correctly and consistently predict whether a company will surprise positively or negatively, why is it still challenging to guarantee making money for clients each quarter? Because only positive surprises influence company stock price movements. Because consensus estimates are always inaccurate and not followed by market participants. Because there are many additional factors to consider that influence stock price movements
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