Leap Wireless International (Nasdaq: LEAP ) is expected to report Q2 earnings on Aug. 6. 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 Leap Wireless International's revenue will improve 10.4% and EPS will remain in the red.
The average estimate for revenue is $839.4 million. On the bottom line, the average EPS estimate is -$0.52.
Last quarter, Leap Wireless International booked revenue of $825.6 million. GAAP reported sales were 5.9% higher than the prior-year quarter's $779.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$1.28. GAAP EPS were -$1.28 for Q1 against -$1.26 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 38.3%, 200 basis points worse than the prior-year quarter. Operating margin was -1.9%, 40 basis points better than the prior-year quarter. Net margin was -11.9%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.37 billion. The average EPS estimate is -$3.65.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 184 members out of 235 rating the stock outperform, and 51 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Leap Wireless International a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Leap Wireless International is hold, with an average price target of $10.82.
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