More than three out of four financial professionals said there was a strong likelihood that their companies’ earnings would fall within the guidance they give to investors — but this only happens rarely, according to the researchers. The study surveyed 357 CFOs, investor-relations professionals and other executives at public companies in 2021.
The paper finds that companies offer accurate guidance about 30% of the time….
Source: Corporate Earnings Forecasts Accurate Only 30% of Instances – Bloomberg
