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Technology Stocks : Newbridge Networks

NN 16.15

+0.2%

1:27 PM EST

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To: Mark Kubisz who wrote (4537)	5/15/1998 8:53:00 AM
From: Brett Nelson	Read Replies (1) of 18016

According to ZACKs, the Street is expecting (i.e. mean estimate is) $0.16 for the 4th quarter and $0.71 for the year. However, the means here are somewhat misleading since there is a large distribution of estimates. Two analysts are projecting higher than $0.28 for this quarter and several analysts are in the $0.08-$0.10 range. The 4 most recent estimates have been around $0.13, so I guess this is what your friend was using as his "consensus" number. Keep in mind that even $0.16 is a downward revised estimate - up until a few months ago the expectation was for $0.20. I believe the First Call estimate is at $0.15. In any event, since NN turned in $0.28 in this quarter last year, even if we beat estimates NN will still be showing negative year on year EPS growth. As such, I expect the Street to be very focused on what NN says about the future.

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