Leap Wireless International, Inc. Second Quarter Earnings Sneak Peek

Leap Wireless International, Inc. (NASDAQ:LEAP) will unveil its latest earnings on Wednesday, August 3, 2011. Leap Wireless International, Inc. is a wireless communications carrier that offers digital wireless services in the United States of America under the Cricket brand.

Leap Wireless International, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 48 cents per share, a wider loss from the year earlier quarter net loss of 24 cents. During the past three months, the average estimate has moved up from a loss of 53 cents. Between one and three months ago, the average estimate moved up, but has dropped from a loss of 46 cents during the last month.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 16 cents, reporting net loss of of $1.26 per share against a mean estimate of a loss of $1.10 per share.

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Wall St. Revenue Expectations: On average, analysts predict $780.3 million in revenue this quarter, a rise of 23.2% from the year ago quarter. Analysts are forecasting total revenue of $3.16 billion for the year, a rise of 17% from last year’s revenue of $2.7 billion.

Analyst Ratings: Analysts seem relatively indifferent about Leap Wireless International with 14 of 24 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 19.3% to $779.9 million in first quarter. The figure rose 34.7% in the fourth quarter of the last fiscal year from the year earlier, climbed 0.5% in the third quarter of the last fiscal year from the year-ago quarter and 6% in the second quarter of the last fiscal year.

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).

Stock Price Performance: During June 1, 2011 to July 28, 2011, the stock price had fallen $3.77 (-22.2%) from $17.02 to $13.25. The stock price saw one of its best stretches over the last year between August 13, 2010 and August 25, 2010 when shares rose for nine-straight days, rising 18.4% (+$1.81) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six-straight days, falling 11.4% (-$1.88) over that span. Shares are up 99 cents (+8.1%) year to date.

(Source: Xignite Financials)

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