Communication Stocks Seeing Activity Before Earnings

Frontier Communications (NYSE:FTR) will unveil its latest earnings on Thursday, February 16, 2012. The average estimate of analysts is for profit of 5 cents per share, no change from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 40.5% versus last year to 22 cents.

The company has met estimates the last three quarters. Last quarter, the company reported net income of 5 cents per share to fall in step with the mean estimate. Analysts are projecting a decline of 6.6% in revenue from the year-earlier quarter to $1.27 billion.

Competitors to Watch: AT&T Inc. (NYSE:T), Windstream Corporation (NASDAQ:WIN), Verizon Communications Inc. (NYSE:VZ), Sprint (NYSE:S), Telephone & Data Systems, Inc. (NYSE:TDS), Warwick Valley Telephone Co. (NASDAQ:WWVY), Otelco, Inc. (NASDAQ:OTT), Cbeyond, Inc. (NASDAQ:CBEY), Cincinnati Bell Inc. (NYSE:CBB), and CenturyLink, Inc. (NYSE:CTL).

Leap Wireless International, Inc. (NASDAQ:LEAP) will unveil its latest earnings on Thursday, February 16, 2012. The average estimate of analysts is for net loss of $1.13 per share, a narrower loss from the year-earlier quarter net loss of $1.48. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from a loss of $1.14 during the last month.

The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 10 cents, reporting a loss of of 90 cents per share against a mean estimate of net loss of 80 cents per share. Analysts predict a rise of 14.1% in revenue from the year-earlier quarter to $808 million.

Competitors to Watch: MetroPCS Communications, Inc. (NYSE:PCS), United States Cellular Corp. (NYSE:USM), Sprint Nextel Corporation (NYSE:S), Telephone & Data Systems, Inc. (NYSE:TDS), Verizon Communications Inc. (NYSE:VZ), Clearwire Corporation (NASDAQ:CLWR), NTELOS Holdings Corp. (NASDAQ:NTLS), AT&T Inc. (NYSE:T), Shenandoah Telecommunications Co. (NASDAQ:SHEN), and USA Mobility, Inc. (NASDAQ:USMO).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com