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
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.