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. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.