Earnings
Video: The Sharon Merrill Approach
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Five Earnings Cycle To-Do’s for the Investor Relations Officer
When many management teams contemplate the quarterly earnings cycle, they think primarily about compliance – dotting the “i”s and crossing the “t”s. But while compliance is a major driver of financial disclosure, it should not be the only one – if it were, companies would file the 10-Q or 10-K and leave it at that.…
Life Sciences: Communicating the Investment Story
If you have ever tried telling a life sciences investment story, chances are, you’ve encountered one of three responses: “Wait. Slow down. I have no idea what you’re talking about.” This is sometimes communicated nonverbally as a blank stare. “Okay. That makes sense. So when do you expect commercialization?” “What’s the mechanism of action? And…
SEC Guidance on Reg G: Q&A with Howard Berkenblit
On May 17, 2016, the SEC issued new Compliance & Disclosure Interpretations related to Regulation G. The Podium discussed the new guidance on the reporting of non-GAAP financial measures with Sullivan & Worcester Partner Howard Berkenblit. The Podium: What do you see as the most significant changes that came out of the new SEC guidance…
Preannouncing Results, Part II: Determining the Message
This is Part II of our preannouncement series based on AlphaSense research. Today we focus on the qualitative discussion of the results in earnings preannouncements and the financial metrics used. In my previous post, we focused on the factors that contribute to a company’s decision to preannounce its financial results – that is, provide the…
Preannouncing Results: Analyzing Corporate Profit Warnings
To preannounce or not to preannounce: Surely that is the question that stumps many management teams during the quarterly earnings cycle. There are several reasons for a company to preannounce its financial results – that is, provide the Street with a preliminary, high-level understanding of what the company’s quarterly performance will be. Typically, a preannouncement…
Time to Revamp the Quarterly Earnings Call?
By Dennis Walsh, Vice President & Director of Social Media And the Award for Best Quarterly Earnings Results Conference Call goes to…. Giving awards to recognize production of an earnings call may be a little premature, but several companies are spicing up what is generally considered an uneventful quarterly ritual by the investment community. It…
The Guidance Effect, Re-visited
By Maureen Wolff, President and Partner Three years ago, on the heels of the greatest collapse U.S. financial markets have experienced in decades, in conjunction with IntelliBusiness/eventVestor, we published a study, “The Guidance Effect: Improving Valuation” (PDF 570 KB), that evaluated the impact of increased transparency on equity valuation during the turbulent first quarter of…
Confronting the Quarterly Quiet Period Dilemma
By Jim Buckley One of the investor relations issues that companies often struggle with is the “quiet period.” Here I’m not talking about the SEC mandated quiet period related to IPOs, other public offerings or around the release of lock-up agreements. Those all have defined legal parameters and lines drawn around what companies can and…