Earnings guidance: 'How would we know?'

Tue, 21 Apr 2020

Many companies have suspended earnings guidance, effectively throwing up their hands and writing off the next year as a complete unknown.And, with the path of the pandemic still difficult to predict, investors have struggled to work out company earnings and how they should value those firms – even though the stock market has begun to rally.In late March, the S&P/NZX 50 Index was down more than 30 percent. Now it has fallen just 6.8 percent in the year to date.Investors, sensing the worst of the pandemic disruption has passed...

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