1EquityAnalysisan12CHAPTERMcGraw-Hill/Irwin©2004TheMcGraw-HillCompanies,Inc.,AllRightsReservedEarningsPersistenceRecastingandAdjusting•Earningspersistenceisakeytoeffectiveequityanalysisandvaluation•Analyzingearningspersistenceisamainanalysisobjective•Attributesofearningspersistenceinclude:StabilityPredictabilityVariabilityTrendEarningsmanagementAccountingmethodsEarningsPersistenceRecastinga...
