POLL-Telebras (NYSE:TBR) 1997 EPS forecasts lowered
Reuters, Tuesday, November 11, 1997 at 16:43
SAO PAULO, Nov 11 (Reuters) - The following table shows
forecasts by 10 foreign and Brazilian banks on consolidated 1997
financial results for Telebras (SAO:TEL_.P), the federal
telecommunications holding company.
Bank analysts on average forecast per-share earnings of $9.94
on net profit of $3.28 billion, versus forecasts of $10.05 and
$3.28 billion, respectively, made after the release of the
company's first-half financial results.
Telebras, Brazil's benchmark blue chip, accounts for more
than 50 percent of daily trade on Brazil's stock exchanges and is
a leading American Depositary Receipt in New York.
The survey is updated every three months, following the
release of Telebras quarterly results.
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Telebras Corporate Forecast
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1997 EPS Net Profit Net Sales Oper Income
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BankBoston $9.83 $3.041 bln $13.723 bln $5.121 bln
Caspian $9.15 $3.032 bln $14.362 bln $5.214 bln
CS FirstBoston $9.50 $3.051 bln $13.872 bln $5.037 bln
Flemings $9.02 $3.014 bln $13.750.bln $4.944 bln
FonteCindam $9.87 $3.394 bln $14.162 bln $5.446 bln
ING Barings $10.16 $3.281 bln $15.570 bln $5.435 bln
Lloyds Asset $10.92 $3.500 bln $14.500 bln $5.000 bln
Merrill Lynch $9.08 $3.100 bln $14.277 bln $4.669 bln
Morgan Stanley $10.03 $3.601 bln $16.016 bln $6.032 bln
Pactual $11.80 $3.783 bln $15.934 bln $6.284 bln
==============================================================
1997 EBITDA Fixed Lines Cellular
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BankBoston $8.754 bln 15.00 million 4.00 million
Caspian $8.986 bln 15.07 million 4.41 million
CS FirstBoston $8.665 bln 15.28 million 3.97 million
Flemings $8.592 bln 15.01 million 4.44 million
FonteCindam $9.051 bln 15.00 million 4.14 million
ING Barings $8.959 bln 15.26 million 4.96 million
Lloyds Asset $8.826 bln 15.45 million 3.83 million
Merrill Lynch $8.290 bln 14.92 million 3.66 million
Morgan Stanley $10.326 bln 15.21 million 4.12 million
Pactual $9.851 bln 15.73 million 4.97 million
===============================================================
Consensus Forecasts
Average Median Last Year
EPS $9.94 $9.85 $8.60
Net Profit $3.280 bln $3.191 bln $2.739 bln
Net Sales $14.617 bln $14.320 bln $12.413 bln
Oper Inc $5.318 bln $5.168 bln $3.719 bln
EBITDA $9.030 bln $8.993 bln $7.262 bln
Fixed Lines 15.19 mln 15.14 mln 13.46 mln
Cellular 4.25 mln 4.13 mln 2.450 mln
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NOTE: Figures are consolidated and in U.S. dollars, except for
fixed lines and cellular columns, which refer to number of lines
in service at year's end.
-- E-Mail: james.craig@reuters.com
Copyright 1997, Reuters News Service |
