Sprint Nextel Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sprint Nextel Corp (NYSE:S) will unveil its latest earnings on Wednesday, October 26, 2011. Sprint Nextel offers a range of wireless and wireline communications products and services.

Sprint Nextel Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 22 cents per share, a narrower loss from the year earlier quarter net loss of 30 cents. During the past three months, the average estimate has moved down from a loss of 17 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 22 cents during the last month.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net loss of 6 cents per share against the mean estimate of 12 cents. In the prior quarter, the company reported a loss of 15 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 2.8% in revenue from the year-earlier quarter to $8.38 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sprint Nextel with 16 of 25 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company’s loss widened to a loss of a $847 million (28 cents a share) from a loss of $760 million (25 cents) a year earlier, but beat analyst expectations. Revenue rose 3.6% to $8.31 billion from $8.03 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 2.8% in the first quarter from the year earlier, climbed 5.5% in the fourth quarter of the last fiscal year from the year-ago quarter 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), Deutsche Telekom AG (DTEGY), 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 July 27, 2011 to October 20, 2011, the stock price had fallen $2.45 (-47.5%) from $5.16 to $2.71. 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 September 13, 2011 and September 22, 2011 when shares fell for eight-straight days, falling 15.7% (-56 cents) over that span. Shares are down $1.52 (-35.9%) year to date.

(Source: Xignite Financials)

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