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NIRI Releases 2014 Guidance Practice Survey Report

November 24, 2014


The National Investor Relations Institute (NIRI) recently released its 2014 Guidance Practices Report. Key findings indicate that 95 percent of respondents’ companies provide some form of guidance—88 percent providing financial guidance and 66 percent providing non-financial (broad market) guidance—all of which have risen significantly since years past. 

 

The most common forms of financial guidance are: tax rate (79 percent), revenue or sales guidance (77 percent), capital expenditures (76 percent) and earnings/EPS (65 percent).

 

Respondents answered that the most common reasons for their companies providing financial guidance are to ensure sell-side consensus and market expectations are reasonable (88 percent), and to increase transparency (81 percent). For those companies that do not provide guidance, the most common reason is management philosophy (59 percent), followed by a desire to keep the focus on long-term company performance (41 percent).

 

To read the full report, click here.


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