Changes are afoot with respect to earnings guidance practices and press release practices, as noted by Broc Romanek in TheCorporateCounsel.net yesterday in his post Facing an Unpredictable World: How to Change Earnings Guidance Practices, by Dominic Jones in the IRWebReport yesterday NYSE, Nasdaq Move to Scrap Compulsory Press Releases, and Broc Romanek in TheCorporateCounsel.net today in NYSE Finally Moves to Scrap Compulsory Press Releases.
FEI’s research affiliate, the Financial Executives Research Foundation (FERF) is in the process of updating its report, Meeting the Street, A Discussion of Earnings and Other Guidance Provided to Investors. The original report, published in 2003, was authored by Robert (Bob) Kueppers and Greg Weaver of Deloitte. At the time, Kueppers was Senior Technical Partner at Deloitte, he is now Deputy CEO. Weaver was National Managing Partner of Audit and Enterprise Risk Services (ERS).
FERF is now working with Deloitte to update this report, and would like to interview financial executives from public companies of all sizes, that do and do not provide guidance to learn why. Please contact Bill Sinnett, Director of Research, at firstname.lastname@example.org if you would like further information.
FERF reports are available by free download to FEI members, and by purchase from nonmembers. See the FERF bookstore.
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