Markets & Finance

Higher Forecast for Caterpillar


Company: Altera (ALTR)

Year ending: Dec-2004

Prior estimate: .60

New estimate: .70

Rationale: Higher second quarter revenues and gross margin

Company: Briggs & Stratton (BGG)

Year ending: Jun-2004

Prior estimate: 4.40

New estimate: 5.25

Rationale: Changed margin assumptions

Company: Caesars Entertainment (CZR)

Year ending: Dec-2004

Prior estimate: .62

New estimate: .70

Rationale: Better than expected first quarter EPS

Company: Caterpillar (CAT)

Year ending: Dec-2004

Prior estimate: 4.34

New estimate: 5.38

Rationale: Changed margin, topline growth assumptions

Company: CONSOL Energy (CNX)

Year ending: Dec-2004

Prior estimate: .88

New estimate: 1.12

Rationale: Raised sales forecasts for coal & gas

Company: Glatfelter (GLT)

Year ending: Dec-2004

Prior estimate: .69

New estimate: .45

Rationale: Competitive paper markets

Company: Inco (N)

Year ending: Dec-2004

Prior estimate: 3.35

New estimate: 4.15

Rationale: Reflects much better than expected first quarter

Company: Maxtor (MXO)

Year ending: Dec-2004

Prior estimate: .71

New estimate: .17

Rationale: Pricing pressures, prod transitn costs

Company: Mondavi (MOND)

Year ending: Jun-2004

Prior estimate: 2.14

New estimate: 1.83

Rationale: Pricing pressures, competition

Company: NBTY (NTY)

Year ending: Sep-2004

Prior estimate: 1.76

New estimate: 1.97

Rationale: Better than expected second quarter

Company: Nucor (NUE)

Year ending: Dec-2004

Prior estimate: 4.25

New estimate: 7.55

Rationale: Better than expected first quarter EPS

Company: QUALCOMM (QCOM)

Year ending: Sep-2004

Prior estimate: 1.75

New estimate: 2.00

Rationale: Strong second quarter results

Company: SWS Group (SWS)

Year ending: Jun-2005

Prior estimate: .83

New estimate: .62

Rationale: Higher compensation limiting margin expansion

Company: Teekay Shipping (TK)

Year ending: Dec-2004

Prior estimate: 8.20

New estimate: 10.02

Rationale: Updated forecasts for charter rates

Company: Teradyne (TER)

Year ending: Dec-2004

Prior estimate: .85

New estimate: 1.33

Rationale: Better than expected first quarter

Apr. 21

Company: AK Steel Holding (AKS)

Year ending: Dec-2004

Prior estimate: -.95

New estimate: -.40

Rationale: Better than expected first quarter, company guidance

Company: Arkansas Best (ABFS)

Year ending: Dec-2004

Prior estimate: 2.12

New estimate: 1.88

Rationale: Profit margins declined

Company: Cymer (CYMI)

Year ending: Dec-2004

Prior estimate: 1.00

New estimate: 1.30

Rationale: Strong first quarter

Company: Ford Motor (F)

Year ending: Dec-2004

Prior estimate: 1.30

New estimate: 1.78

Rationale: Better than expected first quarter

Company: General Motors (GM)

Year ending: Dec-2004

Prior estimate: 6.20

New estimate: 7.02

Rationale: Better than expected first quarter

Company: MedImmune (MEDI)

Year ending: Dec-2004

Prior estimate: .61

New estimate: .54

Rationale: Slowing sales, ramp in R&D spending

Company: MGM Mirage (MGG)

Year ending: Dec-2004

Prior estimate: 1.90

New estimate: 2.25

Rationale: Stronger than expected first quarter EPS

Company: MKS Instruments (MKSI)

Year ending: Dec-2004

Prior estimate: .99

New estimate: 1.42

Rationale: Strong order growth

Company: Motorola (MOT)

Year ending: Dec-2004

Prior estimate: .50

New estimate: .73

Rationale: Strong first quarter

Company: Parametric Technology (PMTC)

Year ending: Sep-2004

Prior estimate: -.02

New estimate: .04

Rationale: Better than expected results

Company: Seagate Technology (STX)

Year ending: Jun-2004

Prior estimate: .98

New estimate: .86

Rationale: Ongoing pricing pressures

Company: Tellabs (TLAB)

Year ending: Dec-2004

Prior estimate: .02

New estimate: .30

Rationale: Strong first quarter results

Apr. 20

Company: Brunswick (BC)

Year ending: Dec-2004

Prior estimate: 2.25

New estimate: 2.55

Rationale: Better than expected first quarter

Company: CNF (CNF)

Year ending: Dec-2004

Prior estimate: 1.90

New estimate: 2.30

Rationale: Stronger industry demand

Company: Federal Signal (FSS)

Year ending: Dec-2004

Prior estimate: .93

New estimate: .74

Rationale: Changed topline and margin assumptions

Company: Illinois Tool (ITW)

Year ending: Dec-2004

Prior estimate: 3.77

New estimate: 4.15

Rationale: Stock buyback; margin expansion

Company: Lincare Holding (LNCR)

Year ending: Dec-2004

Prior estimate: 2.30

New estimate: 2.55

Rationale: Better than expected near-term operations

Company: Packaging Corp (PKG)

Year ending: Dec-2004

Prior estimate: .78

New estimate: .60

Rationale: Benefits of improved pricing delayed

Company: Potlatch Corp (PCH)

Year ending: Dec-2004

Prior estimate: 2.00

New estimate: 2.40

Rationale: Strong wood products prices

Company: Powerwave Technology (PWAV)

Year ending: Dec-2004

Prior estimate: .08

New estimate: -.06

Rationale: Disappointing first-quarter sales

Company: Total SA (TOT)

Year ending: Dec-2004

Prior estimate: 6.08

New estimate: 7.17

Rationale: Updated oil & gas prices

Company: Valmont Industries (VMI)

Year ending: Dec-2004

Prior estimate: 1.02

New estimate: 1.14

Rationale: Changed margin assumptions

Company: Washington Mutual (WM)

Year ending: Dec-2004

Prior estimate: 4.43

New estimate: 3.74

Rationale: Excluding discontinued operations from 2004

Apr. 19

Company: Boise Cascade (BCC)

Year ending: Dec-2004

Prior estimate: 1.30

New estimate: 1.49

Rationale: Positive sales momentum

Company: Metris (MXT)

Year ending: Dec-2004

Prior estimate: -.25

New estimate: .80

Rationale: Improving delinqunecy rates

Company: Phelps Dodge (PD)

Year ending: Dec-2004

Prior estimate: 6.90

New estimate: 7.70

Rationale: Acceleration in the copper price

Company: STMicroelectronics (STM)

Year ending: Dec-2004

Prior estimate: .90

New estimate: .77

Rationale: Lower gross margins

Apr. 16

Company: Advanced Energy (AEIS)

Year ending: Dec-2004

Prior estimate: .81

New estimate: 1.04

Rationale: Better than expected first quarter results

Company: Compuware (CPWR)

Year ending: Mar-2004

Prior estimate: .10

New estimate: .14

Rationale: Improving outlook

Company: DoubleClick (DCLK)

Year ending: Dec-2004

Prior estimate: .29

New estimate: .24

Rationale: Weaker than expected first quarter, company guidance

Company: NetFlix (NFLX)

Year ending: Dec-2004

Prior estimate: .27

New estimate: .11

Rationale: Membership and rental price rise

Company: Nokia (NOK)

Year ending: Dec-2004

Prior estimate: .97

New estimate: .82

Rationale: Weak handset sales

Company: Ryder System (R)

Year ending: Dec-2004

Prior estimate: 2.54

New estimate: 2.88

Rationale: Rising demand and rates for services

Company: Stewart & Stevenson (SVC)

Year ending: Jan-2005

Prior estimate: .44

New estimate: .60

Rationale: Changed margin assumptions

Apr. 15

Company: Advanced Micro Devices (AMD)

Year ending: Dec-2004

Prior estimate: .40

New estimate: .60

Rationale: Improving revenue outlook

Company: Apple Computer (AAPL)

Year ending: Sep-2004

Prior estimate: .44

New estimate: .58

Rationale: Better operating leverage

Company: Audiovox (VOXX)

Year ending: Nov-2004

Prior estimate: 1.00

New estimate: .70

Rationale: Lower handset gross margins

Company: Continental Airlines (CAL)

Year ending: Dec-2004

Prior estimate: .25

New estimate: -.50

Rationale: Worse than expected yields

Company: Emmis Communications (EMMS)

Year ending: Feb-2005

Prior estimate: .48

New estimate: .64

Rationale: Improvment in local ad sales revenues

Company: National City (NCC)

Year ending: Dec-2004

Prior estimate: 3.00

New estimate: 3.50

Rationale: Stronger than expected first quarter

Company: Reliance Steel (RS)

Year ending: Dec-2004

Prior estimate: 2.50

New estimate: 3.35

Rationale: Better than expected first quarter

Company: Reliant Resources (RRI)

Year ending: Dec-2004

Prior estimate: .52

New estimate: .30

Rationale: Weak wholesale power conditions

Company: Steel Dynamics (STLD)

Year ending: Dec-2004

Prior estimate: 2.00

New estimate: 2.95

Rationale: Company guidance


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