Weekly Thematic

C-MACC Perspectives No 8

Pre-Release Season is here; do we see less than usual?

At the end of every quarter there are always a handful of companies who feel the need to pre-release an estimate of earnings; either because consensus is so far away from actual or because they have other news and need to get something out there so that they can talk during what would normally be a quiet period. We can make an argument for an unprecedented number of pre-releases over the next 14 days, but we can also make an argument for relative silence. See the end of this document for a list of companies worth noting that have either pre-released 1Q20 with statements highlighting their strong liquidity positions and/or withdrawn 2020 guidance altogether citing a lack of fundamental visibility in months ahead.