Kenneth A. Shea
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Kenneth A. Shea Shea
Kenneth A. Shea, managing director for global equity research at S.& P., said that these sneak peeks at earnings come from corporate executives' desire to let analysts down, or up, gently. Mr. Shea says some retailers are likely to make preannouncements this week, but he questions just how useful this dance of the pennies per share is. When it comes to the preannouncements, Mr. Shea's advice to buy-and-hold investors is not to get carried away. Kenneth A. Shea is a managing director for global equity research at S.& P. said that these sneak peeks at earnings come from corporate executives' desire to let analysts down, or up, gently. Kenneth A. Shea said that Companies often solicit analysts' input in terms of expectations on earnings and they will guide up or down in the last week or two prior to the close of a quarter to make sure they are realistic in their expectations. He further said that You can argue whether corporate earnings should be such an important signal.