AutoZone Q1 Earnings Exceed Consensus - Stock To Watch [AZO]
12/12/02 8:25:03 AM Before the bell Thursday, AutoZone Inc. (AZO) reported net income for the quarter of $104.9 million or $1.04 per share, compared to net income of $84.1 million or $0.76 per share in the same period last year. The company’s earnings surpassed the $0.95 per share consensus estimate.
On Wednesday the stock gapped open down and traded in a narrow range throughout. AZO shares had been trending lower for 5 weeks from the multi-year high, but have been rangebound for the past week.
The stock closed down by 66 cents at $79.66 on 1.1 million shares.
Public Service Enterprise Financial Profile Too Strong Too Ignore - Lehman Brothers Comments [PEG]
12/12/02 8:20:13 AM Thursday morning, Lehman Brothers upgraded its rating on shares of Public Service Enterprise Group (PEG) to Overweight from Equal weight and increased its price target to $35 from $30. According to analyst Daniel Ford, this upgrade reflects PEG's financial profile and calendar.
Ford said PEG's financial profile looks much improved on the heels of a $1.04 Billion of equity/preferred issued in 2H02 and the near-term upsizing of a Parent revolver. However, the analyst indicated that risks remain from Latin American assets and generation lease portfolio, but potential write-offs are unlikely to change the outlook.
With that in mind, the analyst said the swing factors in PEG's story are around New Jersey regulatory outcomes: the BGS auction and electric rate case. Historically, Ford said these processes have produced reasonable outcomes
Sprint Raises Q4 EPS Guidance For FON - Stock To Watch [FON]
12/12/02 8:09:58 AM Before the bell Thursday, Sprint Corp. (FON, PCS) said that it expects earnings for the FON group in the Q4 to be in the range of $0.37 to $0.39 per share, compared to previous guidance of $0.34 to $0.36 per share. For 2002, the company expects earnings to be $1.35 to $1.37 per share, and for 2003 to be $1.40 to $1.45 per share.
Analysts expect earnings of $0.36 per share for the Q4. Analysts also expect earnings of $1.33 per share for the full year 2002, and $1.38 per share for the full year 2003.
On Wednesday the stock opened down and traded in a range, but took out the day's lows on strong volume at the close. FON shares have been trading lower for 3 sessions, after trending higher for 2 weeks. The stock closed down by 56 cents at $13.60 on 7 million shares.
and much more, i.e. HEINZ topped earnings !
Hoert sich gut an.
Stox Dude
12/12/02 8:25:03 AM Before the bell Thursday, AutoZone Inc. (AZO) reported net income for the quarter of $104.9 million or $1.04 per share, compared to net income of $84.1 million or $0.76 per share in the same period last year. The company’s earnings surpassed the $0.95 per share consensus estimate.
On Wednesday the stock gapped open down and traded in a narrow range throughout. AZO shares had been trending lower for 5 weeks from the multi-year high, but have been rangebound for the past week.
The stock closed down by 66 cents at $79.66 on 1.1 million shares.
Public Service Enterprise Financial Profile Too Strong Too Ignore - Lehman Brothers Comments [PEG]
12/12/02 8:20:13 AM Thursday morning, Lehman Brothers upgraded its rating on shares of Public Service Enterprise Group (PEG) to Overweight from Equal weight and increased its price target to $35 from $30. According to analyst Daniel Ford, this upgrade reflects PEG's financial profile and calendar.
Ford said PEG's financial profile looks much improved on the heels of a $1.04 Billion of equity/preferred issued in 2H02 and the near-term upsizing of a Parent revolver. However, the analyst indicated that risks remain from Latin American assets and generation lease portfolio, but potential write-offs are unlikely to change the outlook.
With that in mind, the analyst said the swing factors in PEG's story are around New Jersey regulatory outcomes: the BGS auction and electric rate case. Historically, Ford said these processes have produced reasonable outcomes
Sprint Raises Q4 EPS Guidance For FON - Stock To Watch [FON]
12/12/02 8:09:58 AM Before the bell Thursday, Sprint Corp. (FON, PCS) said that it expects earnings for the FON group in the Q4 to be in the range of $0.37 to $0.39 per share, compared to previous guidance of $0.34 to $0.36 per share. For 2002, the company expects earnings to be $1.35 to $1.37 per share, and for 2003 to be $1.40 to $1.45 per share.
Analysts expect earnings of $0.36 per share for the Q4. Analysts also expect earnings of $1.33 per share for the full year 2002, and $1.38 per share for the full year 2003.
On Wednesday the stock opened down and traded in a range, but took out the day's lows on strong volume at the close. FON shares have been trading lower for 3 sessions, after trending higher for 2 weeks. The stock closed down by 56 cents at $13.60 on 7 million shares.
and much more, i.e. HEINZ topped earnings !
Hoert sich gut an.
Stox Dude
