What does Long Term Gwth Forecast % mean?
This is the consensus long-term growth rate amongst analysts which cover the company.
Stockopedia explains Long Term Gwth Forecast %...
Research by Dreman and others has shown that analyst forecasts tend to be highly unaccurate, particularly over longer-term timeframes.
A study by Lawrence Brown in the Financial Analysts Journal looked at 130,000 forecasts by analysts from 1985 to 1996 and found that the average absolute error was over 90%!
