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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?


To: KewlHand who wrote (917)10/23/1998 3:49:00 PM
From: JZGalt  Respond to of 1153
 
Tidewater will conduct a telephonic conference to discuss its second quarter earnings in fiscal 1999 with analysts, investors and other interested parties at 10 a.m. CDT on Friday, October 23, 1998. Those interested in participating in that teleconference should call
800/288-8960 (612/332-0932 if outside the U.S.) just prior to the scheduled start and ask for the "Tidewater Conference." A replay will be available immediately following the teleconference, through Monday, October 26, 1998. To hear that recording, call 800/475-6701
(320/365-3844 if outside the U.S.) The access code is: 408412.



To: KewlHand who wrote (917)10/23/1998 3:54:00 PM
From: JZGalt  Read Replies (2) | Respond to of 1153
 
Comments about prospects for dayrates.

· We expect dayrates for supply vessels, particularly in the Gulf of Mexico, to continue to come down over the next few Qs, which should translate to negative earnings comparisons versus this quarter at TDW.
However, we believe that the apparent strength in earnings this Q underscores TDW management's commitment and ability to control costs and maximize earnings power in the current negative environment.



To: KewlHand who wrote (917)10/25/1998 5:51:00 PM
From: Gameboy  Read Replies (1) | Respond to of 1153
 
Just so we're playing with one foot still on the ground, my Zack's earnings estimates (from Waterhouse) showed a mean of .26 but most recent three estimates were .15,.17 and .26 - honestly, I didn't get .26 as a mean from looking at their figures. I'm mentioning this because the Briefing.com calendar which shows tomorrow as TMAR's earnings reporting date also shows a Zack's earnings estimate of .30 which is outdated.

First Call (from Schwab) shows a mean earnings estimate of .18 with a high estimate of .27 and a low estimate of .15 (out of nine estimates).

TDW's earnings were a little overwhelming; we need to keep in mind that TMAR is priced at less than 50% of TDW based on PER of last 12 months earnings.

Best of luck,

Steve