Telecom & Wireless
Earnings Preview: Sprint Nextel Corp. (S)
Published:
Last Updated:
If there is one ugly telecom company in the major telecom stocks, it is Sprint Nextel Corp. (NYSE: S). The company reports earnings tomorrow morning. The estimates from First Call are $0.18 EPS on $9.92 billion in revenues. Next quarter estimates are $0.15 EPS on $9.71 billion in revenues. Estimates for fiscal 2008 are $0.60 EPS on $38.84 billion in revenues.
If you can find anyone who is in love with this one his name is probably Dr. Pangloss. This recently wrote-down essentially all of its entire purchase price of Nextel. Sprint was also listed as one of our companies that we have said could actually disappear by year-end.
Analysts have an average price target north of $14.00, more than 50% higher than the closing price of $8.95 on Wednesday. Sprint Nextel’s 52-week trading range is $8.07 to $23.42.
Jon C. Ogg
February 27, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
