Tel Aviv-based investment house Nessuah Zannex on Wednesday lowered its estimates for Supersol (Nasdaq, TASE:SAE) ( SAE), predicting that the recession will continue to hurt the company's results. For the second quarter, Supersol reported a steep 48% drop in its profit to NIS 28 million, versus NIS 53 million in the corresponding quarter of last year. Sales for the second quarter shrank 3% from the parallel to NIS 1.67 billion. "Although in the long run, Supersol is a stable growth story, we estimate that the harsh situation of the Israeli economy and drop in private consumption will continue to impact negatively on the entire retail sector," Nessuah Zannex chief analyst Haim Israel wrote. "We estimate that Supersol stock will not outperform the leading indices in the medium term," Israel concluded. He rated the company's shares Neutral. Nessuah Zannex lowered its sales and profits estimates for the chain, Israel's biggest. For 2002 it foresees revenues of NIS 6.7 billion, instead of NIS 7 billion. For 2003 Israel sees that figure rising to NIS 7.2 billion, instead of the NIS 7.5 billion he predicted before the company's second-quarter statement. For 2002 Nessuah Zannex sees earnings of NIS 0.86 per share instead of NIS 1.09, and NIS 0.94 per share in 2003 instead of NIS 1.19.