Rafael Confetti Gatsios, Gabriella Minati Ribeiro, Fabiano Guasti Lima, Vinicius Magnani


This study sought to assess the existence of a relationship between the rating and the earnings forecast error of market analysts. The sample relates to 44 companies for the period from 2010 to 2018, which was selected from the data collected on
the Thomson Reuters® platform, in the I/B/E/S database. The methodology chosen was panel data analysis. The results showed that the rating impacts the level of analysts’ forecast error, so companies with better credit risk rating have lower
error in their earnings forecasts. The study contributes to the literature on capital market, specifically that of analysts’ forecasts, focusing on the rating variable as an important factor to be considered by market analysts and contributes to the literature on the predictive quality of accounting information.