Clearwire (NAS: CLWR) is expected to report Q3 earnings on Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Clearwire's revenues will contract -6.0% and EPS will remain in the red.
The average estimate for revenue is $312.4 million. On the bottom line, the average EPS estimate is -$0.30.
Last quarter, Clearwire reported revenue of $316.9 million. GAAP reported sales were 1.8% lower than the prior-year quarter's $322.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.26. GAAP EPS were -$0.33 for Q2 compared to -$1.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.0%, 960 basis points better than the prior-year quarter. Operating margin was -85.5%, 1,300 basis points better than the prior-year quarter. Net margin was -46.0%, 630 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$1.41.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 586 members out of 714 rating the stock outperform, and 128 members rating it underperform. Among 140 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Clearwire a green thumbs-up, and 45 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clearwire is hold, with an average price target of $2.70.
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The article Clearwire Earnings Are on Deck originally appeared on Fool.com.
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