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

Jefferies Lowers Odyssey Healthcare to 'Hold'

Jefferies downgraded Odyssey Healthcare (ODSY) to hold from buy on valuation.

On Tuesday Odyssey posted 31 cents second-quarter earnings per share. Analyst Frank Morgan says second-quarter results came in 2 cents better than his estimates, and were 3 cents above consensus estimates. He notes the results reflect Odyssey's continued execution of its growth strategy and the maturation of its hospice programs. Despite his rating change, Morgan thinks the hospice industry fundamentals remain strong.

He raised the $1.22 2003 earnings per share estimate to $1.25, and raised the $1.55 2004 earnings per share estimate to $1.60 . While Morgan thinks Odyssey's earnings per share may well exceed his estimates, he also thinks the higher estimates aren't prudent at this time. However, he'd use any weakness in Odyssey's to re-evaluate his rating.

blog comments powered by Disqus