Level 3 Communications, Inc. (LVLT) to Release Quarterly Earnings on Wednesday
Level 3 Communications, Inc. (NYSE:LVLT) is scheduled to announce its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.
Level 3 Communications (NYSE:LVLT) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. Level 3 Communications had a net margin of 7.85% and a return on equity of 5.80%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect Level 3 Communications to post $1.45 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
Several research firms have commented on LVLT. Zacks Investment Research downgraded shares of Level 3 Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub raised shares of Level 3 Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. UBS AG reissued a “buy” rating and set a $68.00 price target (down from $71.00) on shares of Level 3 Communications in a research note on Tuesday, July 18th. Finally, Barclays PLC reissued an “equal weight” rating and set a $59.00 price target (down from $61.00) on shares of Level 3 Communications in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $61.92.
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About Level 3 Communications
Level 3 Communications, Inc is a provider of a range of integrated communications services. The Company’s operating segments include North America, EMEA and Latin America. The North America includes operations in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma.
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