Goldman Sachs Lifts Estimates On Leap Wireless (LEAP) Following Q3 Results

Goldman Sachs raised estimates on Leap Wireless (NASDAQ: LEAP) following Q3 results.

The firm raised their 2012 revenue estimate by 1.7% to $3.44 billion and EBITDA estimates by 6% to $665 million. The firm cited higher APRU.

2011-2013 EPS estimates are now ($4.18)/($2.39)/($1.02), from ($4.35)/($2.26)/($0.88) previously.

Goldman trimmed their price target from $13 to $10 "as a roll forward to 2012YE valuation is offset by heightened competitive risks as large national carriers refocus on the prepaid sector, impacting the outlook."

The firm also maintained their Neural rating.

For more ratings news on Leap Wireless click here and for the rating history of Leap Wireless click here.

Shares of Leap Wireless closed at $6.95 yesterday.

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