Leap Wireless International (LEAP) Scheduled to Post Earnings on Tuesday
Leap Wireless International (NASDAQ:LEAP) will be issuing its Q313 quarterly earnings data on Tuesday, October 29th. Analysts expect the company to announce earnings of ($1.21) per share and revenue of $686.20 million for the quarter.
Leap Wireless International (NASDAQ:LEAP) last announced its earnings results on Thursday, August 1st. The company reported ($2.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.12) by $0.97. The company had revenue of $731.50 million for the quarter, compared to the consensus estimate of $735.07 million. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, analysts expect Leap Wireless International to post $-6.13 EPS for the current fiscal year and $-4.86 EPS for the next fiscal year.
Shares of Leap Wireless International (NASDAQ:LEAP) opened at 16.00 on Monday. Leap Wireless International has a 1-year low of $4.75 and a 1-year high of $17.51. The stock’s 50-day moving average is $15.99 and its 200-day moving average is $9.17. The company’s market cap is $1.267 billion.
A number of research firms have recently commented on LEAP. Analysts at Zacks reiterated a “neutral” rating on shares of Leap Wireless International in a research note to investors on Wednesday, September 25th. They now have a $16.00 price target on the stock. Analysts at Raymond James downgraded shares of Leap Wireless International from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, August 9th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Leap Wireless International presently has a consensus rating of “Hold” and a consensus price target of $12.00.
Leap Wireless International, Inc (NASDAQ:LEAP) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand.
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