Watch for earnings season fireworks in forward guidance

Fri, 07 Aug 2020

Bottom line results can be largely ignored this earnings season but any hints about the future outlook will attract a lot of attention, analysts say. This month, 19 of New Zealand’s top-50 listed companies will report half-year and annual earnings, providing forensic insight into exactly how hard they were hit by the pandemic. But some analysts say those results won’t matter because the conditions that produced those earnings are considered a one-in-100-year shock. “Everyone knows it is going to be terrible,” said Mark Lister, head of...

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