S&P 500 component MetroPCS Communications, Inc. will unveil its latest earnings on Thursday, February 23, 2012. MetroPCS Communications is a wireless communications carrier that offers broadband mobile services in the United States.
MetroPCS Communications, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 16 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 15 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 5.7% versus last year to 74 cents.
Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 19 cents per share versus a mean estimate of net income of 23 cents per share.
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Wall St. Revenue Expectations: On average, analysts predict $1.24 billion in revenue this quarter, a rise of 15.9% from the year-ago quarter. Analysts are forecasting total revenue of $4.85 billion for the year, a rise of 19.2% from last year’s revenue of $4.07 billion.
Analyst Ratings: Analysts are bullish on this stock, with 13 analysts rating it as a buy, one rating it as a sell and nine rating it as a hold. Over the last three months, the stock’s average rating has increased from hold to moderate buy.
A Look Back: In the third quarter, profit fell 10.3% to $69.3 million (19 cents a share) from $77.3 million (22 cents a share) the year earlier, missing analyst expectations. Revenue rose 18.1% to $1.21 billion from $1.02 billion.
Key Stats:
MetroPCS Communications has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 18.8%, with the biggest boost coming in the first quarter when revenue rose 23.1% from the year earlier quarter.
The profit decrease in the third quarter interrupted a two-quarter streak of year-over-year profit increases. Net income rose 5.5% in the second quarter and more than twofold in the first quarter.
Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price rose $2.41 (30.4%), from $7.93 to $10.34. The stock price saw one of its best stretches over the last year between February 7, 2012 and February 16, 2012, when shares rose for eight straight days, increasing 8.4% (+80 cents) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 14.6% (-$1.28) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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