Trump today proposed a possible change to earnings season: reporting earnings only twice a year, instead of four.
https://nypost.com/2018/08/17/trump-asks-sec-to-s…
Would eliminating quarterly earnings make your job easier/better/more enjoyable? Or do you like the excitement of earnings season?
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It would free up a massive amount of time. At the same time, I’m torn as to if I think it would make misses better or worse. On one hand, if a company misses half-year estimates, it’s probably going to be an even bigger miss than just a quarter would be (and cause a massive stock decline). On the other hand, maybe there would be fewer “timing” related misses and would give the business a chance to rebound from a weak month or two.
Ultimately, I think I would like it, but I have a feeling companies would just increase their communication with the street about guidance, so I’m not sure how much it would actually improve my job. I guess I’m neutral.
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