Sprint Corp. (NYSE:S) – Equities research analysts at William Blair raised their Q2 2017 earnings per share (EPS) estimates for Sprint Corp. in a research note issued to investors on Monday. William Blair analyst J. Breen now anticipates that the firm will post earnings of ($0.09) per share for the quarter, up from their prior forecast of ($0.11). William Blair also issued estimates for Sprint Corp.’s Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at ($0.30) EPS and FY2018 earnings at ($0.08) EPS.
Sprint Corp. (NYSE:S) last announced its earnings results on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.00. The business had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.69 billion. Sprint Corp.’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.46) EPS.
A number of other research firms also recently weighed in on S. RBC Capital Markets restated a “sector perform” rating and issued a $6.00 target price (up from $5.00) on shares of Sprint Corp. in a report on Tuesday. Macquarie restated an “outperform” rating and issued a $6.75 target price (up from $5.50) on shares of Sprint Corp. in a report on Wednesday. Citigroup Inc. boosted their target price on shares of Sprint Corp. from $4.75 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays PLC lifted their price target on shares of Sprint Corp. from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Sprint Corp. in a research note on Tuesday. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $4.21.
Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone.
