Markets & Finance

Cutting Forecast for RehabCare


Company: Hartford Financial (HIG)

Year ending: Dec-03

Prior estimate: 4.65

New estimate: -1.75

Rationale: First-quarter Asbestos charge

Company: May Department Stores (MAY)

Year ending: Jan-04

Prior estimate: 2.10

New estimate: 1.80

Rationale: Disappointing first quarter; limited visibility

Company: Noble Energy (NBL)

Year ending: Dec-03

Prior estimate: 2.46

New estimate: 1.98

Rationale: First-quarter EPS, conference call

Company: Overseas Shipping (OSG)

Year ending: Dec-03

Prior estimate: 1.14

New estimate: 2.91

Rationale: Very strong charter rates

Company: Payless ShoeSource (PSS)

Year ending: Jan-04

Prior estimate: 1.74

New estimate: 1.34

Rationale: First-quarter results

Company: RehabCare (RHB)

Year ending: Dec-03

Prior estimate: 1.75

New estimate: 1.30

Rationale: Change in nurse staffing pricing model

Company: Salton Inc (SFP)

Year ending: Jun-04

Prior estimate: 2.02

New estimate: 2.43

Rationale: Third-quarter results; lower operating costs

Company: Too Inc (TOO)

Year ending: Jan-04

Prior estimate: 1.48

New estimate: 1.30

Rationale: Company guidance; strong competition

May 13

Company: Cabot Oil & Gas (COG)

Year ending: Dec-03

Prior estimate: 2.92

New estimate: 2.27

Rationale: Updated oil & gas prices; first-quarter EPS and conference call

Company: Carpenter Technology (CRS)

Year ending: Jun-04

Prior estimate: 0.40

New estimate: -0.47

Rationale: Company projects $1.00/share pension expense

Company: Ford Motor (F)

Year ending: Dec-03

Prior estimate: 0.56

New estimate: 0.74

Rationale: Expected cost savings

Company: Four Seasons (FS)

Year ending: Dec-03

Prior estimate: 1.13

New estimate: 0.93

Rationale: Declining gross operating margin

Company: LTX Corp (LTXX)

Year ending: Jul-04

Prior estimate: -0.34

New estimate: -0.28

Rationale: Company guidance

Company: Transocean Inc (RIG)

Year ending: Dec-03

Prior estimate: 1.07

New estimate: 0.72

Rationale: Nigerian strike; market uncertainty

May 12

Company: Reader's Digest (RDA)

Year ending: Jun-04

Prior estimate: 1.18

New estimate: 1.00

Rationale: Poor business environment; charges


Steve Ballmer, Power Forward
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