Reporting Archive

May 29, 2020
Implications of the Covid-19 crisis on IFRS and analyst guidance
The Covid-19 outbreak has resulted in significant volatility in the financial and commodities markets worldwide. Businesses are dealing with lost revenue and disrupted supply chains. In the reporting season, the accounting and investor relations functions are challenged in their analysis of full-year and interim financial statements in many ways.  One issue that has arisen is how the accounting function deals with Covid-19’s impact on IFRS, which focuses on addre...
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May 27, 2020
Opinion: Why you should discuss ESG on the earnings call
This has been an extremely difficult earnings season. The universal uncertainty driven by the Covid-19 pandemic and resulting economic shutdown has made the job of communicating with the market fraught with complexity. IR teams have had to adjust the mix of information they share on the earnings call to respond to the core risks and scenarios presented by this crisis. Prior to the Covid-19 crisis, ESG was, at best, a small part of the earnings call. But in the most ...
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May 11, 2020
CalPERS raises concerns over MD&A reform plans
CalPERS has voiced concerns that SEC disclosure reforms would leave investors lacking key information – and raise particular challenges given the impact of Covid-19 on companies.  The SEC in January proposed amendments designed, in its words, to ‘modernize, simplify and enhance’ certain financial disclosure requirements under Regulation SK. ‘The proposed amendments would eliminate duplicativ...
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Apr 28, 2020
How to pull off your virtual earnings call
As a corporate earnings season unlike any other gets under way, management teams are grappling with how to discuss their first-quarter results or their financial path forward; around 500 companies have already withdrawn their 2020 guidance and many more are likely to do so. Nevertheless, in these uncertain times, it is more critical than ever for company management to speak to investors with crisp, transparent messaging. We’ve already written about how companies c...
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Apr 21, 2020
CFOs gain clarity over how to report on Covid-19, says survey
CFOs are becoming clearer about what changes they need to make to financial disclosures in light of Covid-19, according to research from PwC. In a survey of US CFOs, only 13 percent say it’s difficult to assess where Covid-19 will be discussed in upcoming financial reporting. That compares with 24 percent two weeks ago when the survey was conducted among US and Mexico-based CFOs.  ‘Most companies will face a challenging period ahead as they close the boo...
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Apr 09, 2020
Five tips to maximize earnings impact through strategic communication
As we move into one of the most challenging earnings seasons in memory, this will be the first time many companies will be providing an update on the impact of Covid-19 on their business and guidance. In fact, our proprietary research finds that during first-quarter earnings calls, less than 15 percent of S&P 500 companies communicated a potential Covid-19 impact on guidance. But as of the end of Q1 close, 138 S&P 500 companies (28 percent) have announced an...
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Apr 01, 2020
How Covid-19 is affecting earnings guidance and dividend payments
Covid-19 has led to unprecedented levels of volatility, complexity and uncertainty for issuers, investors and investment banks. Accordingly, issuers are updating or suspending financial guidance they had previously published, and deploying a range of conservative capital allocation strategies, including cutting or suspending dividends and share buybacks. IR Magazine is working with Intelligize, a Lexi...
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Mar 31, 2020
How banks should prepare for first-quarter earnings in light of Covid-19
Given the rapid acceleration of the Covid-19 pandemic, the first-quarter 2020 reporting season will be the most challenging period for banks since the Great Recession.  Management teams will likely face many questions they have never been asked before as the investment community attempts to assess the current and future impact of the Covid-19 crisis on their companies. Based on our discussions ...
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