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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: marc chatman who wrote (19411)4/16/1998 7:39:00 PM
From: Grommit  Read Replies (1) of 95453
 
ESV - Decreasing sequential earnings --

I called the damn company today. Was told that they are telling analysts to lower 1998 EPS projections (Zacks has $2.58 average by my checking) to 2.45-2.55 range. Said they like to be upfront with everyone. No surprises later. OK - sounds good to me.

So we take the lowball 2.45 for the year, minus the .61 already finished, and it leaves $1.85 for the last 3 qtrs. Or around .61 or .62 per qtr. But if they see the next 2 qtrs a bit lower and the 4th qtr better they are probably looking at .58, .60, .67 for all I know.

It sounds more ominous when numbers are not attached. I wish they would have given numbers out. I hope that what they gave me is reliable and officially what they are 'comfortable with'. It is what I was told.
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