Does the Street Have Frontier Communications Figured Out?
Jul 26th 2012 2:11PM
Updated Jul 26th 2012 2:18PM
Frontier Communications (NAS: FTR) is expected to report Q2 earnings on July 31. 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 Frontier Communications' revenues will contract -5.8% and EPS will wane 0.0%.
The average estimate for revenue is $1.25 billion. On the bottom line, the average EPS estimate is $0.06.
Last quarter, Frontier Communications reported revenue of $1.27 billion. GAAP reported sales were 5.8% lower than the prior-year quarter's $1.35 billion.
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 $0.05. GAAP EPS of $0.03 for Q1 were 40% lower than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 90.9%, 210 basis points better than the prior-year quarter. Operating margin was 19.7%, 10 basis points better than the prior-year quarter. Net margin was 2.1%, 200 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.94 billion. The average EPS estimate is $0.23.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 982 members out of 1,084 rating the stock outperform, and 102 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 179 give Frontier Communications a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Frontier Communications is outperform, with an average price target of $5.19.
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The article Does the Street Have Frontier Communications Figured Out? originally appeared on Fool.com.Seth Jayson owned shares of the following at the time of publication: Frontier Communications. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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