This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sprint, AT&T Rip Higher In Front of Earnings

Stocks in this article: S T AAPL NOK MSFT

NEW YORK ( TheStreet) -- Two of the three largest wireless providers, Sprint Nextel (S) and AT&T (T), report earnings next week, when all three are trading near 2012 highs.

Investors in AT&T and Sprint will receive a few clues about what to expect from mobile peers who report earlier. Nokia (NOK), Microsoft (MSFT), Apple (AAPL), and Verizon's (VZ) report earnings before AT&T and Sprint. Research In Motion (RIMM) already reported, and it wasn't pretty.

Sprint Nextel S Chart S data by YCharts

Who They Are: Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. It trades an average of 40.6 million shares per day with a market cap of $10 billion.

52-Week Range: $2.12 to $5.35

Book Value: $3.53

Float Short: 6.6%

Sprint is expected to report another loss when it releases second-quarter earnings before the market opens on July 26. The analyst consensus estimate is for a loss of 41 cents a share, a decline of 35 cents from a loss of 6 cents in the same period last year.

Analyst opinion is mixed about this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Sprint gets seven buy recommendations out of 26 analysts covering the company, 15 holds and four sells.

While the share price has bounced off its lows, shareholders from a year ago have not been rewarded for their patience. Sprint shares fell 37% in the last year, and the average analyst target price for S is $3.62. Sprint reached the average target price, making it reasonable to assume that target price increases are coming soon. In light of the earnings report date, analysts may wait until Sprint reports to update their predictions.

The company is expected to post rising year-over-year revenue of $32.56 billion for last fiscal year, compared to $32.26 billion in the previous year. The bottom line shows falling earnings of a year-over-year loss of $3.47 billion last fiscal year, compared to a loss of $2.44 billion in the previous year.

Weinstein Estimate: Sprint beats by at least 10 cents per share.

The previous Sprint's earnings release was on April 25, and the closing share price before earnings was $2.43. At a price of $3.66, Sprint has soared more than 50% in the last quarter. In the last month, the stock has climbed 7.8%. Sprint beat earnings in all of the last four quarters, with an average beat of 7 cents per share (36.1%).

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs