Raising Forecast for Ford

S&P revises earnings estimates for Stillwell Financial and others

Company: American Water Works (AWK )

Year ending: Dec-02

Prior estimate: 1.85

New estimate: 1.55

Rationale: Continued impact of soft economy on sales

Company: Ariba Inc. (ARBA )

Year ending: Sep-02

Prior estimate: d0.15

New estimate: d0.01

Rationale: Better than expected March quarter

Company: BP plc (BP )

Year ending: Dec-02

Prior estimate: 1.96

New estimate: 2.34

Rationale: Production growth, costs outlook

Company: Chesapeake Energy (CHK )

Year ending: Dec-02

Prior estimate: 0.51

New estimate: 0.62

Rationale: Higher production forecasts, commodity prices

Company: CommScope (CTV )

Year ending: Dec-02

Prior estimate: 0.36

New estimate: 0.23

Rationale: Higher equity losses in OFS BrightWave

Company: Coventry Health Care (CVH )

Year ending: Dec-02

Prior estimate: 1.67

New estimate: 2.00

Rationale: Better than expected first quarter

Company: Enterprise Products Partners (EPD )

Year ending: Dec-02

Prior estimate: 2.50

New estimate: 1.68

Rationale: Recent pipeline acquisitions

Company: EOG Resources (EOG )

Year ending: Dec-02

Prior estimate: 0.37

New estimate: 0.81

Rationale: Stronger oil & gas prices

Company: Ford Motor (F )

Year ending: Dec-02

Prior estimate: d0.09

New estimate: 0.14

Rationale: Raising sales expectations

Company: JNI Corp. (JNIC )

Year ending: Dec-02

Prior estimate: d0.35

New estimate: d0.45

Rationale: Slower than expected turnaround

Company: McDermott (MDR )

Year ending: Dec-02

Prior estimate: 1.24

New estimate: 0.79

Rationale: B&W asbestos costs/lawsuits limit growth

Company: Park Electrochemical (PKE )

Year ending: Feb-03

Prior estimate: d0.35

New estimate: d0.25

Rationale: Improving demand, cost controls

Company: Rudolph Technologies (RTEC )

Year ending: Dec-02

Prior estimate: 0.47

New estimate: 0.37

Rationale: Slower than expected order recovery

Company: Stillwell Financial (SV )

Year ending: Dec-02

Prior estimate: 1.89

New estimate: 1.61

Rationale: Lower asset management, servicing fees

Company: Vishay Intertechnology (VSH )

Year ending: Dec-02

Prior estimate: 0.50

New estimate: 0.60

Rationale: Very strong first quarter

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