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Telecom & Wireless

Earnings Preview: Sprint Nextel Corp. (S)

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By Douglas A. McIntyre Updated Published
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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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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