Leap Wireless International Inc. Third Quarter Earnings Sneak Peek

Leap Wireless International, Inc. (NASDAQ:LEAP) will unveil its latest earnings on Monday, October 31, 2011. Leap Wireless International 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 net loss of 80 cents per share, a narrower loss from the year earlier quarter net loss of 98 cents. During the past three months, the average estimate has moved down from a loss of 48 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 80 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 37 cents, coming in at a loss of 85 cents a share versus the estimate of net loss of 48 cents a share. It was the fourth straight quarter of missing estimates.

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Wall St. Revenue Expectations: On average, analysts predict $763.7 million in revenue this quarter, a rise of 26.7% from the year ago quarter. Analysts are forecasting total revenue of $3.09 billion for the year, a rise of 14.4% from last year’s revenue of $2.7 billion.

Analyst Ratings: Analysts seem relatively indifferent about Leap Wireless International with 14 of 23 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company’s loss widened to a loss of a $65.2 million (85 cents a share) from a loss of $18.2 million (24 cents) a year earlier, missing analyst expectations. Revenue rose 20% to $760.5 million from $633.5 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 19.3% in the first quarter from the year earlier, climbed 34.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 0.5% in the third 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 August 1, 2011 to October 25, 2011, the stock price had fallen $6.69 (-51.5%) from $13 to $6.31. The stock price saw one of its best stretches over the last year between March 2, 2011 and March 10, 2011 when shares rose for seven-straight days, rising 17.6% (+$2.05) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 53.4% (-$7.19) over that span. Shares are down $5.95 (-48.5%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.