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Sprint Corp.(S - Free Report) a leading telecom operator in the U.S. providing wireless and wireline services to individuals, business enterprises and government agencies.
Sprint has been losing customers of late and is trying all means to check churn and fend off competition. However, in this regard, the company has been continually making efforts to lure customers from rival carriers such as AT&T Verizon by offering attractive promotional plans and discounts.
Nevertheless, we expect the company to benefit from its newly initiated growth and investment plans. The upcoming launch of its 5G network, promotional plan in collaboration with Amazon.com Inc., offering Amazon Prime as an add-on package to its customers, shift toward IP-enabled cloud services and sale-leaseback transactions to reduce liquidity woes are likely to boost its customer base.
Sprint currently carries a Zacks Rank #3 (Hold). The company has generated a negative average earnings surprise of 3.47% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:Sprint incurs loss in Q2 of fiscal 2016. However, net loss was narrower than the Zacks Consensus Estimate. Our consensus estimate called for an adjusted net loss of 7 cents per share and the company reported adjusted net loss was 4 cents per share. Investors should note that these figures take out stock option expenses.
Revenue:Sprint reported total revenue of $8,247 million which surpassed our estimate of $7,986 million.
Key States to Note: In the reported quarter, Sprint added 344,000 retail postpaid connections. At first quarter end, the company had 31.289 million retail postpaid connections, up 2.9% year over year. Retail postpaid average revenue per user (ARPU) decreased 6.4% to $50.54 per month. In reported quarter, Sprint lost 427,000 net prepaid connections but gained 823,000 net wholesale connections.
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Sprint (S) Fiscal Q2 Loss Narrows, Revenues Top
Sprint Corp.(S - Free Report) a leading telecom operator in the U.S. providing wireless and wireline services to individuals, business enterprises and government agencies.
Sprint has been losing customers of late and is trying all means to check churn and fend off competition. However, in this regard, the company has been continually making efforts to lure customers from rival carriers such as AT&T Verizon by offering attractive promotional plans and discounts.
Nevertheless, we expect the company to benefit from its newly initiated growth and investment plans. The upcoming launch of its 5G network, promotional plan in collaboration with Amazon.com Inc., offering Amazon Prime as an add-on package to its customers, shift toward IP-enabled cloud services and sale-leaseback transactions to reduce liquidity woes are likely to boost its customer base.
Sprint currently carries a Zacks Rank #3 (Hold). The company has generated a negative average earnings surprise of 3.47% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:Sprint incurs loss in Q2 of fiscal 2016. However, net loss was narrower than the Zacks Consensus Estimate. Our consensus estimate called for an adjusted net loss of 7 cents per share and the company reported adjusted net loss was 4 cents per share. Investors should note that these figures take out stock option expenses.
Revenue:Sprint reported total revenue of $8,247 million which surpassed our estimate of $7,986 million.
Key States to Note: In the reported quarter, Sprint added 344,000 retail postpaid connections. At first quarter end, the company had 31.289 million retail postpaid connections, up 2.9% year over year. Retail postpaid average revenue per user (ARPU) decreased 6.4% to $50.54 per month. In reported quarter, Sprint lost 427,000 net prepaid connections but gained 823,000 net wholesale connections.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>