NEW YORK (TheStreet) -- Shares of VimpelCom (VIP) were down 2.89% to $5.72 in morning trading Tuesday ahead of the company's scheduled third-quarter earnings report before the market open Wednesday. Here's what analysts are expecting from the telecommunications company.
The consensus estimate calls for the company to report revenue of $5.02 billion. In the third-quarter last year, VimpelCom reported earnings of 16 cents a share, which came up well short of the expectation of 29 cents a share from analysts polled by Thomson Reuters. Revenue totaled $5.685 billion, which missed the consensus estimate of $5.778 billion.
In the second quarter 2014, revenue totaled $5.067 billion, which came up short of analysts' expectations of $5.105 billion.
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Separately, TheStreet Ratings team rates VIMPELCOM LTD as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate VIMPELCOM LTD (VIP) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."