Blue Square – Sailing with Blinders On

Markets are sailing around all-time highs, but without guidance could there be rough seas ahead? Typically, when a company hosts an earnings call it will issue what is referred to as “guidance.” Guidance is what companies tell investors to expect from future fiancial performance. However, with the current economic uncertainty amidst the pandemic, many of these companies have decided not to make claims as to what investors can expect. In fact, a recent Bloomberg article said, “80% of companies refused to provide guidance over the last three months.”1 Considering that even the best experts have had a hard time making forecasts, most companies have decided to not even try.

Sailing with Blinders On

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