As a result of the revised outlook, New Century is increasing its EPS target estimate for fiscal year 2002 to $3.90 - $4.10 based on 24.3 million shares outstanding on a fully-dilated basis. This new estimate marks a change from earlier in the year, when the company estimated that its EPS range for 2002 would be $3.60 - $3.80.
New Century continues to generate significant cash flow and it is expected that cash flow from operations for fiscal 2002 will exceed cash flow from operations as reported for fiscal 2001, according to Edward F. Gotschall, the company's vice chairman and chief financial officer.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
