Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Needham Cuts J D Edwards Estimates

Needham cut its estimates on J D Edwards (JDEC).

Analyst Richard Davis says the enterprise software maker's estimates of breakeven to a penny operating earnings per share is below his seven cents estimate, and the $200 million to $205 million revenue misses his $217 million estimate. Davis notes license revenue is seen at $42 million to $45 million, vs. his $53 million estimate, as $1-million-plus deals fell to four from eight. He says the shortfall isn't from weakness in a particular industry, and that business wasn't lost to rivals.

Davis says investors got ahead of themselves in the past three weeks, lifting most software companies 10% to 30%. He thinks J D Edwards is attractive at $9 to $10. He cut the 37 cents fiscal 2003 (Oct.) earnings per share estimate to 19 cents, and cut the 54 cents fiscal 2004 estimate to 51 cents. Davis also cut his $903 million fiscal 2003 revenue estimate to $846 million, and cut the $993 million fiscal 2004 estimate to $912. He is keeping his hold rating.

blog comments powered by Disqus