Markets & Finance

Lower Forecast for OM Group


Company: Amkor Technology (AMKR)

Year ending: Dec-03

Prior estimate: -0.53

New estimate: -0.35

Rationale: Improving operating results

Company: Evergreen (EVG)

Year ending: Dec-03

Prior estimate: 2.55

New estimate: 3.60

Rationale: Acquisitions; natural gas price forecasts

Company: Navistar International (NAV)

Year ending: Oct-03

Prior estimate: -1.20

New estimate: -0.44

Rationale: Changed margin assumptions

Company: OM Group (OMG)

Year ending: Dec-03

Prior estimate: 1.20

New estimate: 0.97

Rationale: Higher than expected expenses; forex

Company: Rudolph Technology (RTEC)

Year ending: Dec-03

Prior estimate: 0.19

New estimate: 0.17

Rationale: Slower than expected industry growth

Company: Tripos Inc (TRPS)

Year ending: Dec-03

Prior estimate: 0.13

New estimate: 0.11

Rationale: Higher than expected marketing costs

May 19

Company: ASML Holding (ASML)

Year ending: Dec-03

Prior estimate: 0.05

New estimate: -0.15

Rationale: Slowing lithography system sales

Company: U.S. Steel (X)

Year ending: Dec-03

Prior estimate: 1.15

New estimate: -0.35

Rationale: Flat roll carbon sheet price weakness

May 16

Company: Computer Associates (CA)

Year ending: Mar-04

Prior estimate: 0.26

New estimate: 0.42

Rationale: Better prospects

Company: FEI Co (FEIC)

Year ending: Dec-03

Prior estimate: 0.65

New estimate: 0.52

Rationale: See slow semiconductor industry spending

Company: Hispanic Broadcasting (HSP)

Year ending: Dec-03

Prior estimate: 0.48

New estimate: 0.43

Rationale: First-quarter merger; station start-up costs

Company: New Plan Excel Realty (NXL)

Year ending: Dec-03

Prior estimate: 0.98

New estimate: 1.22

Rationale: Accretive acquisitions

Company: Tecumseh 'A' (TECUA)

Year ending: Dec-03

Prior estimate: 3.45

New estimate: 2.85

Rationale: First-quarter restructuring charge

Company: Tenet Healthcare (THC)

Year ending: May-03

Prior estimate: 2.20

New estimate: 1.41

Rationale: First-quarter results

Company: Texas Industries (TXI)

Year ending: May-04

Prior estimate: 1.10

New estimate: 0.55

Rationale: Va mill problems; beam market competition

Company: Timken Co (TKR)

Year ending: Dec-03

Prior estimate: 1.25

New estimate: 1.10

Rationale: Continuing cost pressure in steel unit

Company: Visteon Corp (VC)

Year ending: Dec-03

Prior estimate: 0.15

New estimate: -0.34

Rationale: Lower production, margin forecast

May 15

Company: Acxiom Corp (ACXM)

Year ending: Mar-04

Prior estimate: 0.83

New estimate: 0.72

Rationale: Iraqi war, sluggish economy

Company: American Eagle Outfitters (AEOS)

Year ending: Jan-04

Prior estimate: 1.40

New estimate: 1.20

Rationale: First-quarter results, company guidance

Company: Enzon Pharmaceutical (ENZN)

Year ending: Jun-04

Prior estimate: 1.67

New estimate: 1.27

Rationale: Lower revenues; increased competition

Company: Equity Residential (EQR)

Year ending: Dec-03

Prior estimate: 0.76

New estimate: 0.59

Rationale: Occupancy, average rents down; costs up

Company: Forest Labs (FRX)

Year ending: Mar-04

Prior estimate: 2.35

New estimate: 2.00

Rationale: Correcting data error

Company: Given Imaging (GIVN)

Year ending: Dec-03

Prior estimate: -0.15

New estimate: -0.50

Rationale: Weak capital equipment sales; high operating costs

Company: Goodyear (GT)

Year ending: Dec-03

Prior estimate: -0.02

New estimate: -0.95

Rationale: Reduced vehicle product, higher costs

Company: Liberty Media (L)

Year ending: Dec-03

Prior estimate: -0.15

New estimate: 0.15

Rationale: Strong first quarter, improved propects

Company: Pep Boys (PBY)

Year ending: Jan-04

Prior estimate: 1.11

New estimate: 0.85

Rationale: Lower margins, weaker revenues

Company: Reliance (RS)

Year ending: Dec-03

Prior estimate: 1.00

New estimate: 0.80

Rationale: Lingering weakness in key markets

Company: Swift Energy (SFY)

Year ending: Dec-03

Prior estimate: 1.06

New estimate: 0.72

Rationale: First-quarter EPS, conference call


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