Telecom & Wireless
Clearwire Earnings... Win, Lose, or Draw? (CLWR, S, MOT)
Published:
On Tuesday morning we’ll get to see earnings out of Clearwire Corporation (NASDAQ: CLWR). The estimates for the wireless broadband service provider from First Call are -$1.01 EPS on $46.13 million in revenues. Next quarter estimates are $51.52 million in revenues. Estimates for fiscal Jan-2009 are -$4.08 EPS on $269 million in revenues.
With all the problems seen over at Sprint Nextel (NYSE: S), we’ll not consider anything a done-done deal. Even the stake from Motorola (NYSE: MOT) is hard to count as gospel as there has been hardly anything good up in Schaumburg, Illinois to report. As a reminder, every earnings release from Clearwire has the shot of seeing an announcement of additional securities in debt and/or stock being sold as well. You can usually expect an insider selling window to open up as well.
Analysts have an average price target north of $25.00, which is still about 70% higher than current prices. Clearwire Corporation’s 52-week trading range is $10.29 to $35.41.
Jon C. Ogg
March 1, 2008
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