# Professor Baruch Lev asserts that corporate earnings guidance is futile due to unprecedented uncertainty caused by the coronavirus pandemic

1 Faculty News March 19, 2020 ![Yahoo Finance logo](/sites/default/files/styles/246w/public/assets/images/yahoofinance.jpg?itok=iQnyXkp_)>

Excerpt from [Yahoo Finance](https://finance.yahoo.com/news/wall-st-economists-analysts-guess-forecasts-morning-brief-102219423.html) -- “'The question for managers is do they know about future performance substantially more than investors do? My guess is that in most cases managers aren’t now better informed than investors' said [Baruch Lev](https://www.stern.nyu.edu/faculty/bio/baruch-lev), the Philip Bardes professor of accounting and finance at NYU’s Stern School of Business."

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