Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Goldman Lowers Profit Outlook for BMC Software


BMC Software (BMC) cut its Q2 guidance to earnings per share of $0.06-$0.08 on revenue of $338M-$345M. Goldman Sachs cut its estimates on BMC.

Analyst Anne Meisner says the forecast compares with BMC's original guidance of $355M-365M in revenue and $0.11-$0.14 EPS, her respective estimates of $356M and $0.11, and the analysts' consensus forecast of $0.13 EPS. She notes that management attributes the shortfall to an unexpectedly low rate of deal closings worldwide, especially in Europe, along with the ongoing economic slowdown in the Americas.

The analyst cut her Q1 estimates for revenue to $340M and for EPS to $0.07; her fiscal 2002 (Mar.) forecasts for revenue from $1.71B to $1.60B and for EPS from $0.90 to $0.76; and her fiscal 2003 projections for revenue from $1.90B to $1.78B and for EPS from $1.05 to $0.90. Meisner maintains her market outperform rating on the shares.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus