It depends on what specs or measurement you are looking at.
If you are looking a manufacturer's specs, then they really do not tell you much on how the speakers will sound. If fact, they are not held to any standard on advertising those specs.
A full range of measurements taken by a third party definitely can tell you how a speaker will tend to sound.
Measurements such as those taken at Soundstage can give you a good idea of how a speaker will sound:
http://www.soundstageav.com/speakermeasurements.html
In particular, the "listening window" graphs, IMO, are a great indicator on how a speaker will sound along with the distortion measurements.
After all that, the final judges are your ears.