Level 3 Communications Inc. (LVLT - Snapshot Report), based in Broomfield, Colo., is a leading provider of local, national and global communications services to enterprise, government and carrier customers across the globe.
Currently, Level 3 Communications has a Zacks Rank #1 (Strong Buy). The company has an impressive track record having delivered positive earnings surprises in each of the last four quarters, with an average beat of 10.9%. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Level 3 Communications reported better than expected Q2 earnings estimate. Our consensus earnings estimate called 40 cents per share and the company posted earnings of 42 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: Level 3 Communications reported total revenue of $2,061 million, which missed our estimate of $2,087 million.
Key States to Note: The company expects to generate free cash flow in the range of $600 million to $650 million for 2015. The company also expects adjusted EBITDA growth of 14% to 17% in 2015. Geographically, North America generated $1,551 million of CNS revenues, up 7% year over year.
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And the Najarians Love LVLT
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Sentiment: Strong Buy
Wall Street Equity Research analysts evaluating future earnings growth for Level 3 Communications, Inc. (NYSE:LVLT), are predicting that the company will report $0.4 for the quarter ending on 2015-06-30. This number is on a consensus basis of the brokerage firms issuing projections on the firm.
In analyzing the analyst’s long-term earnings per share estimate trends, analysts have a mean estimate for long-term growth of $8. This is the best estimate for both earnings and sales over the next three to five years. Three months ago, analysts had the same long-term growth estimate at $8, on a consensus level.
There are 9 sell-side analysts covering Level 3 Communications, Inc. (NYSE:LVLT) which have issued a projected price level of where they expect the stock to reach over the next 52-weeks. The consensus price point of these analysts currently stands at $60.222. The brokerage firm seeing the most upside to current levels sees the equity reaching $68, while the most conservative analyst projection sees the stock at $48 over that same time frame.
When breaking down the analyst ratings into a simplified formula where one represents a Strong Buy and five represents a Strong Sell recommendation, Level 3 Communications, Inc. has a rating of 1.86 based on the reports from the 9 firms issuing ratings.
Level 3 Communications, Inc. is expected to report their next quarterly earnings on or around 2015-07-29 for the period ending 2015-06-30. The company last reported EPS of $0.35 on 2015–0-4-29 for the quarter ended 2015-03-31. This was a 6.06% surprise factor, or $0.02 away from what analysts had expected.
Level 3 Communications, Inc. (Level 3) is a facilities-based provider of a range of integrated communications services. It has created its communications network by constructing its own assets and through a combination of purchasing other companies and purchasing or leasing facilities from others. Its network is an international, facilities-based communications network.
Not content with the gadget's array of strap options, the designer created his own ''Apple Pocket Watch".
Designer Tom Ford has found a dapper way to wear the Apple Watch.
The timepiece, first seen at his London Collections: Men presentation last week, has a loop on the top side of the face, to which a silver chain is clipped.
But as stylish as the riff on the watch may seem, it renders the device's heart rate sensor useless as it needs skin-to-watch contact to work. The Apple Pay service is also disabled, and keeping the watch in a pocket will automatically lock it.
Apple will be pleased; the company was hoping to infiltrate the fashion market with the watch - even inviting members of the fashion press to view it first last year.
Ford is also the man behind James Bond, or at least his suits - he created the suits for Daniel Craig in Skyfall and will do the same for the upcoming Spectre.
Other celebrities to have taken to the timepiece include model Christy Turlington, Anna Wintour and Katy Perry.
Sentiment: Strong Buy