Level 3 Communications Inc. Third Quarter Earnings Sneak Peek

Level three Communications, Inc. (NASDAQ:LVLT) will unveil its latest earnings on Wednesday, November 2, 2011. Level three Communications, through its operating subsidiaries, is a facilities-based provider of a range of integrated communications services.

Level three Communications, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of $1.45 per share, a narrower loss from the year earlier quarter net loss of $1.50. During the past three months, the average estimate has moved up from a loss of $1.52. Between one and three months ago, the average estimate moved up. It has risen from a loss of $1.51 during the last month.

Past Earnings Performance: Last quarter, the company saw a loss of $1.35 per share versus a mean estimate of net loss of $1.35 per share. This comes after two consecutive quarters of exceeding expectations.

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

Wall St. Revenue Expectations: Analysts are projecting a rise of 41.4% in revenue from the year-earlier quarter to $1.29 billion.

Analyst Ratings: Analysts seem relatively indifferent about Level three Communications with 10 of 12 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company’s loss widened to a loss of a $181 million (11 cents a share) from a loss of $169 million (10 cents) a year earlier, meeting analyst expectations. Revenue rose 2.6% to $932 million from $908 million.

Key Stats:

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 2.1%.

Competitors to Watch: Global Crossing Ltd. (NASDAQ:GLBC), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), tw telecom inc. (NASDAQ:TWTC), XO Holdings Inc. (XOHO), AboveNet, Inc. (NYSE:ABVT), PAETEC Holding Corp. (NASDAQ:PAET), Xfone, Inc. (AMEX:XFN), Tata Communications Ltd. (NYSE:TCL), and Cincinnati Bell Inc. (NYSE:CBB).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $4.75 (21%) from $22.65 to $27.40. The stock price saw one of its best stretches over the last year between May 19, 2011 and May 27, 2011 when shares rose for seven-straight days, rising 25.9% (+$7.20) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 11.7% (-$2.85) over that span. Shares are up $12.70 (+86.4%) year to date.

(Source: Xignite Financials)

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