Sprint took a lot of heat for signing a big commitment with Apple to bring in the iPhone. At the start of 2012, shares were near $2.10 a share, but that's yesterday's newspaper. Now Sprint is firing on all cylinders.
Apple reports earnings on July 24 after the close. The consensus analyst estimate is for a profit of $10.40 per share. U.S. iPhone sales and revenue will help shed light on what to expect from Sprint. We will have already received Verizon's earnings report on July 19. Verizon is expected to earn 64 cents to 65 cents per share.
Weaker or stronger Apple and Verizon sales will not necessarily mean that Sprint will suffer a decline or receive a boost in sales. It's the mix of sales for each that may add color. If Apple reports relatively strong iPhone sales after Verizon reports, it may indicate Sprint and AT&T sales are strong.
IPhone component production was reported as scaling higher. A thinner body and a larger screen are expected from Apple when the next addition to the iPhone family is released.AT&T T data by YCharts
Who They Are: AT&T trades an average of 20.1 million shares per day with a marketcap of $207.3 billion. 52-Week Range: $27.41 to $36.20 Book Value: $17.86 Price To Book: 1.99 Float Short: 1.45% AT&T is expected to report strong second-quarter earnings before the market opens on July 24. The consensus estimate is currently for earnings of 63 cents a share, up 4.8% from 60 cents in the same period last year. Analysts are more or less sidestepping this one like a politician dancing the Washington two-step. Eighteen out of 30 analysts rate AT&T a hold, which could mean everything from "I want to rate it a sell, but that would not be good for business," to "I have no clue." Eleven analysts recommend buying the stock and one recommends selling. T Revenue Per Share TTM data by YCharts
Analyst expectations are falling, and 10 analysts now rate AT&T a "strong buy" down from 11 analysts a month ago. The stock appreciated 15.6% in the last year, and the average analyst target price for AT&T is $34.69. In the last month, the stock has fallen 1%.
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