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TheStreet Open House

Five Must-Watch Earnings Releases

Stocks in this article: AIGPCSXOMCHKX

PCS Chart PCS data by YCharts
MetroPCS (PCS)

MetroPCS, a wireless telecom carrier provides wireless broadband mobile services in the U.S. MetroPCS trades an average of 13.1 million shares per day with a marketcap of $4 billion.

52 Week Range: $5.53 to $14.51

Book Value: $8.60

Price To Book: 1.3

Strong third-quarter earnings growth is expected by Wall Street when the company reports earnings premarket Oct. 30. The consensus is 26 cents a share, a gain of 7 cents (26.9%) from 19 cents a year earlier. Analysts' estimates range from 18 cents per share to 34 cents per share. TheStreet's Christopher Versace writes about MetroPCS Nokia Is Almost Down for the Count.

As I write this, MetroPCS has 6 buy recommendations out of 30 analysts covering the company, 23 holds, and one recommends selling.

The one-year return is 16%, and the average analyst target price for MetroPCS is $12.36. Buyout frenzy put MetroPCS in play a couple of weeks ago, and if you bought shares in July, this is turning into a great holiday season. The merger with T-mobile doesn't take MetroPCS out of the picture, at least not for now.

MetroPCS misses, beats, misses and beats. It's a crap shoot what they will report, but guidance is key.

Short interest above 4% is not enough to sound the alarms, but above 5%, it places renewed hesitation in allocating capital in the company. Short sellers are among the brightest and most informed market participants, and if they turn sour on a company it is likely for a valid reason. If short interest ascends above 5%, you may want to scrutinize changes within the space. Otherwise, the prevailing 4.3% of the float short is relatively meager and not a major concern.

PCS Revenue Quarterly Chart PCS Revenue Quarterly data by YCharts

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