The Following Companies Will Release Earnings This Week: JD Edwards, Krispy Kreme, Petsmart, Quest and Toll Brothers.

Business Editors

CHICAGO--(BUSINESS WIRE)--May 28, 2003

Zacks.com releases it's exclusive Weekly Earnings and Sector Update written by Nick Raich, Director of Research. This vital update provides investors with timely information regarding companies that will be reporting their earnings in the coming week, how companies earnings faired the week prior, exclusive sector rankings and earnings commentary. Below you will find a synopsis of this weeks earnings commentary including estimates and the Zacks Rank for the following companies: JD Edwards (NASDAQ:JDEC), Krispy Kreme (NYSE:KKD), Petsmart (NASDAQ:PETM), Quest Communications (NYSE:Q) and Toll Brothers (NYSE:TOL). To see this week's full report then visit: http://earningsbw.zacks.com

Synopsis of Weekly Earnings and Sector Update by Nick Raich

As of 5/23/03, 486 companies in the S&P 500 have announced 1Q '03 results. On average, earnings are up 10% from last year. Revenues are up 4%. When all 500 companies eventually report, Nick Raich is anticipating earnings to be up 10% and revenues to be up 4% from last year. Although he has not been surprised at all by the results. The Street has been pleasantly surprised and the stock market has reacted accordingly. Will the rally be sustainable?

Looking ahead to 2Q '03, Nick is forecasting S&P 500 earnings to be up 9% compared to 2Q '02. If that occurs, it will mark the 5th consecutive quarter of year over year gains in earnings for the index. Additionally, he expects the positive trend to continue in the second half of 2003. His 3rd and 4th quarter expectations are for the S&P 500's earnings to be up 14% and 21% respectively over their comparable year ago periods.

This week, only about 100 companies will release earnings results. Of which, 5 will be in the S&P 500. Therefore, he does not expect too much news on the earnings front until the middle to the end of June. This will be when most companies will provide guidance for their second quarter results. Actual 2Q '03 results will not be released until the middle of July for the majority of the companies in the S&P 500.

Ticker        Company Name       Date     EPS Estimate  ZacksRank(a)

JDEC           JD Edwards Inc     5/29        .01             3
KKD            Krispy Kreme       5/28        .20             3
PETM           Petsmart Inc       5/29        .16             4
Q              Quest Comm         5/29       -.09             3
TOL            Toll Brothers      5/28        .68             1

To see the complete Weekly Earnings and Sector Update with the entire list of companies reporting this week and sector rankings, click http://earnings1bw.zacks.com

(a) About the Zacks Rank

What is the Zacks Rank? A stock ranking system that for over 15 years has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Stocks are ranked from 1 (Strong Buy) to 5 (Strong Sell). Since 1988 the #1 Ranked stocks have generated an average annual return of +33.6% compared to the *S&P 500 return of only +11.3%. Plus this exclusive stock list has generated average gains of +13.3% during the last 3 years; a substantial return compared to the large losses suffered by most investors during that time frame. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). And since 1988 the S&P 500 has outperformed the Zacks #5 Ranked stocks by 166.7% annually (11.3% vs. 4.2% respectively). This is a healthy change from traditional Wall Street Brokerage firms who rarely give stocks Sell ratings even as the share price and earnings forecast tumble. Thus, the Zacks Rank system can truly be used to effectively manage the trading in your portfolio.

To truly take advantage of the Zacks Rank, you need to first understand how it works. That's why we created the free special report; "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions." Download your free copy now to prosper in the years to come. http://freezrankguidebw.zacks.com

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