Sprint (S) Estimates Slashed at Jefferies; Results Show Turnaround Won't Be Easy
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Goldman Sachs Trims Price Target on Sprint (S) Following Q3 Results
November 4, 2014 9:27 AM ESTGoldman Sachs maintained a Neutral rating on Sprint (NYSE: S) and lowered its price target to $5.00 (from $5.75). The change follows Q3 results. Analyst Brett Feldman noted sub trends are improving but he pointed out top and bottom line pressures.
"Sprint reported CY3Q14 results that were weaker than expected across most key metrics (Exhibit 1). However, management noted that postpaid sub trends improved significantly in September and October, indicating that Sprints new... More
Sprint (S) Not as Bad as it Looks, Macquarie Says
November 4, 2014 8:58 AM ESTMacquarie analyst Kevin Smithen is sticking with his Outperform rating on Sprint (NYSE: S) despite disappointing results, saying they were not as bad as they looked. He trimmed his price target to $7.25 (from $7.42).
Smithen commented, "While S shares are likely to be under pressure today... More
Sprint Corp. (S) Reports Q2 EBITDA of $1.39B, Offers Outlook
November 3, 2014 4:06 PM ESTSprint Corp. (NYSE: S) reported Q2 EPS of ($0.19). Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.69 billion. Q2 EBITDA was $1.39 billion vs consensus of $1.66 billion.
Quarterly Financial Results
Operating loss was $192 million compared to an operating loss of $398 million in the year-ago quarter primarily driven by lower depreciation and amortization as the year-ago period included accelerated depreciation related to CDMA assets.Consolidated Adjusted... More