March 14, 2019
Doing away with traditional quarterly reporting is a bad idea,- investors need up-to-date financial health reports on the companies they own as shareholders,- should monthly reporting be promoted? Perhaps not, but reducing the now 90-day updates of performance is detrimental to a company's transparency.
That transparency comes at a cost, for sure, and should most definitely be maintained, if not enhanced with continued quarterly reporting.
Perhaps SEC guidance on quarterly guidance may be proposed, whereas companies are allowed to report annual guidance (i.e. for the coming four quarters) rather than on a quarter-to-quarter basis.
While abolishing quarterly reports is unwise, the SEC should help streamline quarterly reports which now are often dense and too long. However, the 10-Q should remain as a ready resource for any and all investors. Perhaps a better coordination of the 10-Q and the quarterly reportings are in order. Thank you.