Sprint Corporation (NYSE:S) is projected to declare fiscal third quarter financial results right before the stock market’s official open on February 09, 2017. The stock added about 25.6 percent in price since last results when it was at $6.92 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.
Here’s how traders responded to S earnings announcements over the past few quarters.
Sprint Corporation (S) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 18.35 percent over the past four quarters. Back on October 25, 2016, it posted earnings per-share earnings at $-0.04 which beat the consensus $-0.07 projection (positive surprise of42.86%. For the quarter, revenue came in at 8.25B versus consensus estimate of 8.03B. The stock dropped -6.07 percent the session following the earnings reports were released, and on 7th day price change was -10.98 percent.
On July 25, 2016, it reported earnings at $-0.06 a share compared with the consensus estimate of $-0.08 per share (positive surprise of 25%). Revenue of 8.01B for that quarter was above the $7.98B analysts had expected. The stock climbed 27.71% the day following the earnings announcement, and on 7th day price change was 32.9%.
On May 3, 2016, it recorded $-0.14 a share in earnings which missed the consensus estimate of $-0.12 (negative surprise of -16.67%). Revenue for the quarter was $8.07B while analysts called for revenues to be $8.1B. The stock gained 5.16% the day following the earnings data was made public, and on 7th day price change was -2.58%.
On January 26, 2016, it announced earnings per share at $-0.21 versus the consensus estimate of $-0.27 per share (positive surprise of 22.22%). That came on revenues of $8.11B for that period. Analysts had expected $8.28B in revenue.
Sprint Corporation Earnings Estimates
As Q3 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.02. The analysts’ present consensus range is $-0.09-$0.04 for EPS. The market consensus range for revenue is between $8.01B and $8.05B, with an average of $8.02B.
Sprint Corporation (NYSE:S) last ended at $8.7, sending the company’s market cap near $34.64B. The consensus 12-month price target from analysts covering the stock is $7.28. The share price has declined -3.33% from its top level in 52 weeks and dropped 3.33% this year. It recently traded in a range of $8.59-$8.75 at a volume of 11226611 shares. The recent trading ended with the price nearly 3.33 higher for the last 5 trading days, rebounding 299.08% from its 52-week low.