LVLT Second Quarter Earnings Sneak Peek

Level three Communications, Inc. (NASDAQ:LVLT) will unveil its latest earnings on Wednesday, July 27, 2011. Level three Communications Inc. through its operating subsidiaries is 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 9 cents per share, a narrower loss from the year earlier quarter net loss of 10 cents. During the past three months, the average estimate has moved up from a loss of 10 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net loss of 9 cents per share against a mean estimate of a loss of 10 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $937.4 million in revenue this quarter, a rise of 3.2% from the year ago quarter. Analysts are forecasting total revenue of $3.77 billion for the year, a rise of 3.3% from last year’s revenue of $3.65 billion.

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

Key Stats:

A year-over-year revenue increase in the first quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 2.1% in the first quarter and fell 0.3% in the fourth quarter of the last fiscal year, 0.4% in the third quarter of the last fiscal year and 3.6% in the second quarter of the last fiscal year.

Competitors to Watch: Global Crossing Ltd. (NASDAQ:GLBC), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Sprint (NYSE:S), AT&T (NYSE:T), tw telecom inc. (NASDAQ:TWTC), 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 April 26, 2011 to July 21, 2011, the stock price had risen 71 cents (43.6%) from $1.63 to $2.34. 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% (+48 cents) 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 11.5% (-30 cents) over that span. Shares are up $1.36 (+138.8%) year to date.

(Source: Xignite Financials)

Don’t Miss: Here’s Why Level three Communications is a Shareholder’s Dream Stock