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
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
