Leap Wireless International Earnings: Everything You Must Know Now

Leap Wireless International Inc. (NASDAQ:LEAP) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Leap Wireless International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-2.09 in the quarter versus EPS of $-0.54 in the year-earlier quarter.

Revenue: Decreased 7.02% to $731.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Leap Wireless International Inc. reported adjusted EPS loss of $2.09 per share. By that measure, the company missed the mean analyst estimate of $-1.12. It missed the average revenue estimate of $735.07 million.

Key Stats (on next page)…

Revenue decreased 7.39% from $789.86 million in the previous quarter. EPS increased to $-2.09 in the quarter versus EPS of $-1.43 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $1.23 and has not changed. For the current year, the average estimate has moved down from a loss of $4.82 to a loss of $5.16 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)