Markets & Finance

Raising Forecast for BP


Company: BP plc ADS (BP)

Year ending: Dec-2003

Prior estimate: 2.92

New estimate: 3.31

Rationale: Company guidance; updated oil & gas prices

Company: Duane Reade (DRD)

Year ending: Dec-2003

Prior estimate: 1.30

New estimate: 1.05

Rationale: Company guidance; margin pressures

Company: Murphy Oil (MUR)

Year ending: Dec-2003

Prior estimate: 3.22

New estimate: 2.79

Rationale: Company guidance; updated oil & gas prices

Company: Patterson-UTI Energy (PTEN)

Year ending: Dec-2003

Prior estimate: .57

New estimate: .68

Rationale: Updated dayrate projections

July 1

Company: Audiovox (VOXX)

Year ending: Nov-2003

Prior estimate: .60

New estimate: .38

Rationale: Weak sales, lower profit

Company: Boise Cascade (BCC)

Year ending: Dec-2003

Prior estimate: -.15

New estimate: -.49

Rationale: Flat paper prices; high energy costs

Company: Bowater, Inc (BOW)

Year ending: Dec-2003

Prior estimate: -1.90

New estimate: -2.21

Rationale: Flat paper prices; high energy costs

Company: Emmis Communications (EMMS)

Year ending: Feb-2004

Prior estimate: .26

New estimate: .21

Rationale: Weaker than expected first quarter

Company: Georgia-Pacific (GP)

Year ending: Dec-2003

Prior estimate: .85

New estimate: .60

Rationale: Flat paper prices; high energy costs

Company: Glatfelter (GLT)

Year ending: Dec-2003

Prior estimate: .85

New estimate: .74

Rationale: Flat paper prices; high energy costs

Company: Ingersoll-Rand (IR)

Year ending: Dec-2003

Prior estimate: 2.49

New estimate: 3.11

Rationale: See higher margin, top-line growth

Company: International Paper (IP)

Year ending: Dec-2003

Prior estimate: 1.27

New estimate: .91

Rationale: Flat paper prices; high energy costs

Company: Kansas City Southern (KSU)

Year ending: Dec-2003

Prior estimate: .90

New estimate: .78

Rationale: Slower economic recovery

Company: Level 3 Communications (LVLT)

Year ending: Dec-2003

Prior estimate: -2.73

New estimate: -1.83

Rationale: More outstanding shares; lower interest costs

Company: Longview Fibre (LFB)

Year ending: Oct-2003

Prior estimate: .22

New estimate: .08

Rationale: Flat paper prices; high energy costs

Company: MeadWestvaco (MWV)

Year ending: Oct-2003

Prior estimate: .39

New estimate: .22

Rationale: Flat paper prices; high energy costs

Company: Packaging Corp (PKG)

Year ending: Dec-2003

Prior estimate: .72

New estimate: .46

Rationale: Flat paper prices; high energy costs

Company: Pre-Paid Legal (PPD)

Year ending: Dec-2003

Prior estimate: 2.29

New estimate: 2.83

Rationale: Share repurchases

Company: Smurfit-Stone (SSCC)

Year ending: Dec-2003

Prior estimate: .35

New estimate: .06

Rationale: Flat paper prices; high energy costs

Company: Temple-Inland (TIN)

Year ending: Dec-2003

Prior estimate: .55

New estimate: .06

Rationale: Flat paper prices; high energy costs

Company: Texas Industries (TXI)

Year ending: May-2004

Prior estimate: .55

New estimate: -.05

Rationale: Refinancing with higher interest costs

Company: Wausau-Mosinee Paper (WMO)

Year ending: Dec-2003

Prior estimate: .40

New estimate: .28

Rationale: Flat paper prices; high energy costs

Company: Weyerhaeuser (WY)

Year ending: Dec-2003

Prior estimate: 1.67

New estimate: 1.22

Rationale: Flat paper prices, high energy costs

Company: Zale Corp (ZLC)

Year ending: Jul-2004

Prior estimate: 3.43

New estimate: 4.05

Rationale: Projected accretion from buybacks

June 30

Company: LSI Logic (LSI)

Year ending: Dec-2003

Prior estimate: -.25

New estimate: -.20

Rationale: Company guidance

Company: Wellman (WLM)

Year ending: Dec-2003

Prior estimate: 1.10

New estimate: .95

Rationale: Fall in polyester resin selling prices


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