Lower Forecast for Conseco

S&P revises earnings estimates for Credence Systems and others

Company: Bradley Pharmaceuticals (BPRX )

Year ending: Dec-02

Prior estimate: 0.54

New estimate: 0.60

Rationale: Product mix, operating leverage

Company: Conseco (CNC )

Year ending: Dec-02

Prior estimate: 0.75

New estimate: 0.65

Rationale: Manufactured housing repos

Company: Credence Systems (CMOS )

Year ending: Oct-02

Prior estimate: d1.25

New estimate: d0.95

Rationale: Signs of rebound, price

Company: Gilead Sciences (GILD )

Year ending: Dec-02

Prior estimate: d0.01

New estimate: 0.07

Rationale: Better gross margins

Company: Potash Corp. (POT )

Year ending: Dec-02

Prior estimate: 2.25

New estimate: 2.00

Rationale: Company guidance

Company: Read-Rite (RDRT )

Year ending: Sep-02

Prior estimate: d0.80

New estimate: d1.00

Rationale: Weak demand

Company: Swift Energy (SFY )

Year ending: Dec-02

Prior estimate: 0.34

New estimate: 0.59

Rationale: Stronger oil & gas prices

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