摘要：This article aimed to verify empirically whether EVA ® provides incremental information for the future profit forecast of Brazilian publicly-traded companies. We used the technique of multiple linear regression with panel data unlike previous studies which using cross-sectional regressions. The results obtained allow rejecting the hypothesis that EVA ® provides incrementally useful information to profit forecast of Brazilian publicly-traded companies. In this work only the variables level of cash flow and accruals level showed statistical significance in the regression model. Furthermore, both represent the dismemberment of earnings per share (EPS) therefore, the results demonstrate that only the EPS is a relevant indicator to the future profit forecast.
