It’s A Great Day To Buy Sprint Corporation (S) on the Dip

Sprint Corporation (NYSE:S) is expected to announce first quarter financial results after market close (confirmed) on August 08, 2017. The company added about -10.1% percent in value since last earnings when it was at $9.07. Looking further into earnings reaction history, the stock had moved up 15 times out of last 30 quarters. It has topped earnings-per-share estimates 50% of the time in its last 12 earnings reports. It missed earnings on 6 occasions, and it has met expectations 0 time.

Sprint Corporation (NYSE:S) Earnings Reaction History

Overall, the average earnings surprise was 17.05 percent over the past four quarters. Back on Nov 16, it posted earnings per share at $-0.21 which topped the consensus $-0.33 projection (Positive surprise of 36.40%). Revenue came in at $8.54B versus consensus estimate of $7.93B. The stock dropped -14.33% percent the day following the earnings was released, and on 7th day price change was -12.90% percent.

On January 31, 2017, it posted earnings per share at $-0.42 versus the consensus estimate of $-0.46 (Positive surprise of 8.70%). Revenue of $8.55B was above the $8.29B analysts had expected. The stock gained 1.32% the day following the earnings was released, and on 7th day price change was -8.23%.

On October 25, 2016, it posted earnings per share at $-0.26, topped the consensus estimate of $-0.42 (Positive surprise of 38.10%). Revenue for the quarter was $8.25B while analysts had expected revenues to come in at $8.03B. The stock fell -6.07% the day following the earnings was released, and on 7th day price change was 32.90%.

On July 25, 2016, it posted earnings per share at $-0.46 compared with the consensus estimate of $-0.4 (Negative surprise of -15.00%). That came on revenues of $8.01B for the quarter. Analysts had expected $7.98B in revenue.

Sprint Corporation (NYSE:S) Earnings Expectations

In front of Q1 earnings release, Wall Street is expecting earnings per share of $0. The analysts’ current consensus range is $0-$0 for EPS. The market consensus range for revenue is $8.46B-$8.84B, with an average of $8.69B.

Sprint Corporation (NYSE:S) last closed at $8.15, sending the company’s market cap around $32.32B. The consensus 12-month price target from brokerage firms covering the stock is $7.28 . The share price has declined -15.54% from its best level in 52 weeks and advanced -3.21% this year. It recently traded in a range of $8.13-$8.23 at a volume of 5,018,250 shares. The stock ended last trading session with the price nearly 1.75% higher for the last 5 trading days, rebounding 86.93% from its 52-week low.