Survey Results: Earnings Guidance


1. Does your company: (Total responses: n=71)
(select only one)
n=0 (0.00%) Provide monthly earnings guidance
n=13 (18.31%) Provide quarterly earnings guidance
n=20 (28.17%) Provide annual earnings guidance
n=14 (19.72%) Provide quarterly and annual earnings guidance
n=4 (5.63%) Provide earnings guidance selectively
n=20 (28.17%) Not provide earnings guidance at all

2. If your company provides earnings guidance, have you considered (within the last 2 years): (Total responses: n=35)
(select only one)
n=19 (54.29%) Reducing the frequency with which guidance is provided
n=2 (5.71%) Increasing the frequency with which guidance is provided
n=14 (40.00%) Discontinuing the practice of providing earnings guidance

3. If your company provides earnings guidance, have you considered (within the last 2 years):  (Total responses: n=46)
(select only one)
n=7 (15.22%) Increasing the detail of the guidance provided
n=17 (36.96%) Decreasing the detail of the guidance provided
n=22 (47.83%) Making no change to the detail of the guidance provided

4. If your company has discontinued earnings guidance, were the results: (Total responses: n=16)
(select only one)
n=7 (43.75%) No changes can be attributed to discontinuing guidance
n=1 (6.25%) Increased stock price volatility
n=1 (6.25%) Reduction in analyst coverage
n=3 (18.75%) Shift away from a short-term, quarter-to-quarter focus
n=4 (25.00%) It is difficult to judge the impact of discontinuing guidance