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Sprint (S) Q2 Earnings Preview: What Should Investors Expect?

Sprint Corporation S – the third largest telecom operator in the U.S. – is scheduled to report second-quarter fiscal 2015 financial numbers on Nov 3, before the market opens.

Last quarter, the company delivered an impressive 87.50% positive earnings surprise. However, the company’s bottom line has surpassed the Zacks Consensus Estimate in only two of the past four quarters, with an average miss of 55.19%. Let’s see how things are shaping up for this announcement.

Why a Likely Positive Surprise?

Our proven model shows that the company is likely to beat the Zacks Consensus Estimate because it has the right combination of two key ingredients.

Zacks ESP: Sprint has an Earnings ESP of +11.11%. This is because the Most Accurate estimate stands at a loss of 8 cents while the Zacks Consensus Estimate is pegged at a loss of 9 cents. This is meaningful and a leading indicator of a likely positive earnings surprise.

Zacks Rank: Sprint has...


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