Markets & Finance

Lower Forecast for Qwest Communications


Company: CMS Energy (CMS)

Year ending: Dec-02

Prior estimate: 3.70

New estimate: 2.87

Rationale: Adjusted to include one-time charges

Company: Plains Resources (PLX)

Year ending: Dec-02

Prior estimate: 1.73

New estimate: 1.39

Rationale: Production guidance, price forecasts

Company: PPL Corp (PPL)

Year ending: Dec-02

Prior estimate: 3.40

New estimate: 2.50

Rationale: Adjusted to include one-time charges

Company: Public Svc (PEG)

Year ending: Dec-02

Prior estimate: 3.65

New estimate: 2.00

Rationale: Adjusting to include one-time charges

Company: Qwest Communications (Q)

Year ending: Dec-02

Prior estimate: -0.24

New estimate: -1.40

Rationale: Writedown, weak wholesale, long distance

AUG. 8

Company: AES Corp (AES)

Year ending: Dec-02

Prior estimate: 1.26

New estimate: 1.00

Rationale: Company guidance

Company: Aquila (ILA)

Year ending: Dec-02

Prior estimate: 1.15

New estimate: 0.84

Rationale: Company lowered guidance on 2Q conference call

Company: Best Buy (BBY)

Year ending: Feb-03

Prior estimate: 2.11

New estimate: 1.86

Rationale: Disappointing July sales; 3Q guidance

Company: Calpine Corp (CPN)

Year ending: Dec-02

Prior estimate: 1.40

New estimate: 0.90

Rationale: Collapse of power trading markets

Company: Conoco Inc (COC)

Year ending: Dec-02

Prior estimate: 1.77

New estimate: 1.18

Rationale: 2Q earnings, updated market outlook

Company: El Paso (EP)

Year ending: Dec-02

Prior estimate: 2.70

New estimate: 2.10

Rationale: Reduced guidance in 2Q call

Company: Factory 2-U (FTUS)

Year ending: Jan-03

Prior estimate: 0.34

New estimate: -0.07

Rationale: July same store sales drop

Company: Forest Oil (FST)

Year ending: Dec-02

Prior estimate: 0.59

New estimate: 0.44

Rationale: Updated production guidance

Company: JNI Corp (JNIC)

Year ending: Dec-02

Prior estimate: -0.60

New estimate: -0.78

Rationale: Slower than expected demand turnaround

Company: McDermott Intl. (MDR)

Year ending: Dec-02

Prior estimate: 0.35

New estimate: -0.08

Rationale: 2Q conference call, updated market outlook

Company: PerkinElmer (PKI)

Year ending: Dec-02

Prior estimate: 0.40

New estimate: 0.35

Rationale: Weak analytical, optoelectronic markets

Company: St. Mary Land (MARY)

Year ending: Dec-02

Prior estimate: 0.74

New estimate: 0.93

Rationale: Higher oil/gas price forecasts

Company: Univision Communications (UVN)

Year ending: Dec-02

Prior estimate: 0.40

New estimate: 0.36

Rationale: Lower guidance

Company: Vintage Petroleum (VPI)

Year ending: Dec-02

Prior estimate: -0.17

New estimate: 0.15

Rationale: Better pricing, production guidance

Company: Western Digital (WDC)

Year ending: Jun-03

Prior estimate: 0.25

New estimate: 0.33

Rationale: Improved PC demand, continued X-Box rollout

AUG. 7

Company: Electroglas (EGLS)

Year ending: Dec-02

Prior estimate: -2.27

New estimate: -2.87

Rationale: Economic recovery later than previously seen

Company: Phillips Petroleum (P)

Year ending: Dec-02

Prior estimate: 2.77

New estimate: 3.09

Rationale: 2Q, market update

Company: Prima Energy (PENG)

Year ending: Dec-02

Prior estimate: 0.77

New estimate: 0.66

Rationale: Weak gas prices in Rockies

Company: Quixote Corp (QUIX)

Year ending: Jun-03

Prior estimate: 1.42

New estimate: 1.08

Rationale: Restrained state spending

Company: SWS Group (SWS)

Year ending: Jun-03

Prior estimate: 0.72

New estimate: 0.13

Rationale: Lower sales on expected weak stock market

Company: VeriSign (VRSN)

Year ending: Dec-02

Prior estimate: 0.76

New estimate: 0.64

Rationale: 2Q forecast, conservative 3Q guidance

Company: Wisconsin Energy (WEC)

Year ending: Dec-02

Prior estimate: 2.30

New estimate: 1.60

Rationale: Reflects one-time charges in 1H


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus