Level three Communications Inc. Fourth Quarter Earnings Sneak Peek

Level three Communications, Inc. (NASDAQ:LVLT) will unveil its latest earnings on Wednesday, February 8, 2012. 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 a loss of $1.02 per share, a narrower loss from the year earlier quarter net loss of $1.35. During the past three months, the average estimate has moved up from a loss of $1.03. Between one and three months ago, the average estimate moved down. It has risen from a loss of $1.05 during the last month.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported net loss of $1.16 per share versus a mean estimate of $1.48. Two quarters ago, it reported a loss of $1.35 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 77% in revenue from the year-earlier quarter to $1.63 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 third quarter, the company’s loss widened to a loss of a $207 million ($1.75 a share) from a loss of $163 million ($1.50) a year earlier, but beat analyst expectations. Revenue rose 3.8% to $947 million from $912 million.

Key Stats:

Revenue has gone up for three straight quarters. It rose 2.6% in the second quarter from the year earlier and 2.1% in the first quarter.

Stock Price Performance: During January 4, 2012 to February 2, 2012, the stock price had risen $2.70 (16%) from $16.87 to $19.57. 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 November 10, 2011 and November 21, 2011 when shares fell for eight-straight days, falling 11.2% (-$2.43) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com