Markets & Finance

Cutting Forecast for Stewart & Stevenson


Company: FMC Corp (FMC)

Year ending: Dec-2004

Prior estimate: 2.40

New estimate: 2.70

Rationale: Higher than expected first quarter results

Company: Stewart & Stevenson (SVC)

Year ending: Jan-2005

Prior estimate: .78

New estimate: .44

Rationale: Changed margin assumptions

Mar. 26

Company: Audiovox (VOXX)

Year ending: Nov-2004

Prior estimate: .60

New estimate: 1.00

Rationale: Improved operating environment

Company: Georgia Gulf Corp (GGC)

Year ending: Dec-2004

Prior estimate: 1.35

New estimate: 1.75

Rationale: Better than expected first quarter

Mar. 25

Company: Applied Materials (AMAT)

Year ending: Oct-2004

Prior estimate: .60

New estimate: .77

Rationale: Strong end-demand for chips

Company: Cablevision Systems (CVC)

Year ending: Dec-2004

Prior estimate: -.90

New estimate: -1.00

Rationale: Higher programming expenses

Company: CSX Corp (CSX)

Year ending: Dec-2004

Prior estimate: 2.35

New estimate: 2.07

Rationale: Slow progress on cost management

Company: A.G. Edwards (AGE)

Year ending: Feb-2005

Prior estimate: 1.96

New estimate: 2.80

Rationale: Higher commission revenue, asset management fees

Company: ImClone Systems (IMCL)

Year ending: Dec-2004

Prior estimate: .37

New estimate: .49

Rationale: Approval of Erbitux in EU

Company: Interstate Bakeries (IBC)

Year ending: May-2004

Prior estimate: .78

New estimate: .45

Rationale: Continued cost pressure & volume weakness

Company: Micron Technology (MU)

Year ending: Aug-2004

Prior estimate: .23

New estimate: .10

Rationale: Commodity pricing for DRAM

Mar. 24

Company: Commercial Metals (CMC)

Year ending: Aug-2004

Prior estimate: 1.60

New estimate: 2.25

Rationale: Much better than expected second quarter EPS

Company: Cooper Tire (CTB)

Year ending: Dec-2004

Prior estimate: 1.54

New estimate: 1.39

Rationale: Weaker prospects

Company: Reliance Steel (RS)

Year ending: Dec-2004

Prior estimate: 1.90

New estimate: 2.50

Rationale: Guidance; demand & price strength

Company: Tidewater (TDW)

Year ending: Mar-2004

Prior estimate: 1.20

New estimate: 1.06

Rationale: Company guidance

Mar. 23

Company: Children's Place (PLCE)

Year ending: Jan-2005

Prior estimate: 1.15

New estimate: 1.55

Rationale: Strong fiscal stimulus via tax refunds

Company: Cincinnati Bell (CBB)

Year ending: Dec-2004

Prior estimate: .35

New estimate: .14

Rationale: Increasing competition; tax rate

Company: Eastman Chemical (EMN)

Year ending: Dec-2004

Prior estimate: 1.50

New estimate: 1.75

Rationale: Greater than expected cost savings

Company: Goldman Sachs (GS)

Year ending: Nov-2004

Prior estimate: 6.50

New estimate: 8.50

Rationale: Sales & trading strength; asset management

Company: Lindsay Manufacturing (LNN)

Year ending: Aug-2004

Prior estimate: 1.14

New estimate: .89

Rationale: Increased steel costs

Company: Nucor Corp (NUE)

Year ending: Dec-2004

Prior estimate: 3.00

New estimate: 4.25

Rationale: Company guidance

Company: PalmOne (PLMO)

Year ending: May-2004

Prior estimate: -1.11

New estimate: -.33

Rationale: See higher Treo sales

Mar. 22

Company: Smurfit-Stone (SSCC)

Year ending: Dec-2004

Prior estimate: .55

New estimate: .28

Rationale: Company guidance; higher costs


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus