NEW YORK ( Trefis ) -- Sprint ( S) plans to announce third-quarter earnings Wednesday. The company disappointed with its last earnings report. Even though it made net additions to its customer base, it incurred higher customer acquisition costs and saw declines in average revenue per customer and postpaid subscribers.
In Wednesday's earnings call, we will watch Sprint's cost base in light of rising competitive pressures from AT&T ( T) and Verizon ( VZ). Also, we expect updates on the iPhone deal as Chairman James Hance promised to disclose the cost of the subsidies that the company will have to pay subscribers as well as any revenues it may have to share with Apple ( AAPL). We will also look for updates on its plans regarding the AT&T and T-Mobile deal, which is catching headlines Tuesday morning. Our $4.73 price estimate for Sprint's stock is almost 70% higher than the market price. See our complete analysis for Sprint stock here.