Sprint Nextel
Sprint Nextel Corp Fourth Quarter Earnings Sneak Peek
Sprint Nextel Corp Fourth Quarter Earnings Sneak Peek
S&P 500 component Sprint Nextel Corp will unveil its latest earnings on Wednesday, February 8, 2012. Sprint Nextel offers a range of wireless and wireline communications products and services.
Sprint Nextel Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 38 cents per share, a wider loss from the year earlier quarter net loss of 29 cents. During the past three months, the average estimate has moved down from a loss of 36 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 37 cents during the last month.
Past Earnings Performance: Last quarter, the company reported a loss of 10 cents per share versus a mean estimate of net loss of. The company has beaten estimates for the past three quarters.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.6% in revenue from the year-earlier quarter to $8.68 billion.
Analyst Ratings: Analysts seem relatively indifferent about Sprint Nextel with 18 of 27 analysts surveyed maintaining a hold rating.
A Look Back: In the third quarter, the company’s loss narrowed to a loss of $301 million (10 cents a share) from a loss of $911 million (30 cents) a year earlier, beating analyst expectations. Revenue rose 2.2% to $8.33 billion from $8.15 billion.
Key Stats:
Revenue has risen the past four quarters. Revenue rose 3.6% in the second quarter from the year earlier, climbed 2.8% in the first quarter from the year-ago quarter and 5.5% in the fourth quarter of the last fiscal year.
Stock Price Performance: During November 4, 2011 to February 2, 2012, the stock price had fallen 66 cents (-23%) from $2.87 to $2.21. The stock price saw one of its best stretches over the last year between May 17, 2011 and May 26, 2011 when shares rose for eight-straight days, rising 15.7% (+80 cents) over that span. It saw one of its worst periods between September 13, 2011 and September 22, 2011 when shares fell for eight-straight days, falling 15.7% (-56 cents) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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To contact the reporter on this story: Derek Hoffman at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
To contact the editor responsible for this story: Damien Hoffman at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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