Sprint Nextel Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sprint Nextel Corp (NYSE:S) will unveil its latest earnings on Thursday, July 28, 2011. Sprint Nextel Corp. offers a range of wireless and wireline communications products and services. Verizon Communications Earnings Cheat Sheet: Swinging to a Profit>>

Sprint Nextel Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 12 cents per share, a narrower loss from the year earlier quarter net loss of 15 cents. During the past three months, the average estimate has moved up from a loss of 19 cents. Between one and three months ago, the average estimate moved up, and has risen from a loss of 13 cents during the last month.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported a loss of 15 cents per share versus a mean estimate of 22 cents. Two quarters ago, it reported net loss of 29 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $8.3 billion in revenue this quarter, a rise of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $33.35 billion for the year, a rise of 2.4% from last year’s revenue of $32.56 billion.

Analyst Ratings: Analysts are bullish on Sprint Nextel as 14 analysts rate it as a buy, five rate it as a sell and nine rate it as a hold.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 2.8% to $8.31 billion while the figure rose 5.5% in the fourth quarter of the last fiscal year from the year earlier and 1.4% in the third quarter of the last fiscal year.

Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Clearwire Corporation (NASDAQ:CLWR), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).

Stock Price Performance: During May 25, 2011 to July 22, 2011, the stock price had fallen 71 cents (-12.1%) from $5.87 to $5.16. The stock price saw one of its best stretches over the last year between May 17, 2011 and May 26, 2011 when shares rose for eight-straight days, rising 15.7% (+80 cents) over that span. It saw one of its worst periods between August 17, 2010 and August 24, 2010 when shares fell for six-straight days, falling 12% (-54 cents) over that span. Shares are up 93 cents (+22%) year to date.

(Source: Xignite Financials)

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