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

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

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.

 

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.