To guide, or not to guide that is the question.
One week into the 2017 profit reporting season and this old chestnut about whether companies should provide earnings guidance is, with apologies to William Shakespeare, firmly back on the agenda.
Lukewarm guidance issued this week by top performing retailer Nick Scali prompted a near 10 per cent fall in the stock.
Some would argue the company would have been better off not saying anything but Chanticleer disagrees. The market has been warned to be cautious about the impact of fickle consumer confidence.
When toll-road operator Transurban this week issued distribution guidance slightly below the market consensus, the stock fell 3 per cent. But experienced analysts said CEO Scott…
Read the full article at: http://www.afr.com/brand/chanticleer/profit-guidance-is-no-silver-bullet-for-investors-20170811-gxulrh