It will also stop offering guidance on annual shipments, though it will continue to provide a range of expected shipments for the each coming quarter. As one longtime bear noted, “The obvious conclusion is that this is devised to foil bears who have expected a cut in annual production guidance. If there is no guidance, how can there be a cut in guidance?” Indeed, indeed.
It’s often considered a red flag when companies stop reporting certain information or simply offer less guidance than they once did. I noted here Monday Netflix’s (NFLX) decision to stop offering net income guidance. Likewise, Harley-Davidson (HOG) said it will stop providing guidance on growth rates for parts and accessories, general merchandise and Harley Davidson Financial Services.
Source: Harley Starts Hogging Guidance