The brothers Jens talk finance, economics, and the like.
Sites of Note
Bureau of Labor Statistics
Bloomberg data
Louis Rukeyser
Company News and Research
Yahoo Finance
MSN stock research
Quicken
Blogs
Marginal Revolution
The Knowledge Problem
Bureau of Labor Statistics
Bloomberg data
Louis Rukeyser
Company News and Research
Yahoo Finance
MSN stock research
Quicken
Blogs
Marginal Revolution
The Knowledge Problem
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Dollars and Jens
Thursday, May 17, 2007
Earnings Guidance
According to BusinessWeek, fewer companies these days are giving earnings guidance. I think earnings guidance may well encourage management to play games, as the article suggests, but the more important question is whether it constitutes information. It usually doesn't; generally, a company should be able to provide enough information that a competent analyst can not only generate his or her own earnings estimates, but error bars and an understanding of what might cause the numbers to miss the estimates.
- posted by Steven @ 8:31 PM
