Global Crossing Ltd. Second Quarter Earnings Sneak Peek

Global Crossing Ltd. (NASDAQ:GLBC) will unveil its latest earnings on Wednesday, July 27, 2011. Global Crossing, Ltd. and its subsidiaries is a global communications service provider, which offers a range of data, voice and collaboration services and delivers services to approximately 40 percent of the companies in the Fortune 500. Verizon Communications Earnings Cheat Sheet: Swinging to a Profit>>

Global Crossing Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 59 cents per share, a narrower loss from the year earlier quarter net loss of 79 cents. During the past three months, the average estimate has moved up from a loss of 65 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 15 cents, reporting net loss of 56 cents per share against a mean estimate of a loss of 71 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $673.1 million in revenue this quarter, a rise of 6.8% from the year ago quarter. Analysts are forecasting total revenue of $2.73 billion for the year, a rise of 4.6% from last year’s revenue of $2.61 billion.

Analyst Ratings: Analysts are bullish on Global Crossing as two analysts rate it as a buy, none rate it as a sell and two rate it as a hold.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 2% to $661 million while the figure rose 4.9% in the fourth quarter of the last fiscal year from the year earlier and 0.8% in the third quarter of the last fiscal year.

Competitors to Watch: Level three Communications, Inc. (NASDAQ:LVLT), Telefonica S.A. (NYSE:TEF), BT Group plc (NYSE:BT), CenturyLink, Inc. (NYSE:CTL), AT&T Inc. (NYSE:T), XO Holdings Inc. (XOHO), Verizon Communications Inc. (NYSE:VZ), France Telecom SA (NYSE:FTE), Fusion Telecommunications Int’l, Inc. (FSNN), and Deutsche Telekom AG (DTEGY).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had risen $12.64 (51.6%) from $24.48 to $37.12. It saw one of its worst periods between October 25, 2010 and November 3, 2010 when shares fell for eight-straight days, falling 11.4% (-$1.65) over that span. The stock price saw one of its best stretches over the last year between October 7, 2010 and October 18, 2010 when shares rose for eight-straight days, rising 16% (+$2.05) over that span. Shares are up $24.20 (+187.3%) year to date.

(Source: Xignite Financials)

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