Clearwire Earnings… Win, Lose, or Draw? (CLWR, S, MOT)
On Tuesday morning we’ll get to see earnings out of Clearwire Corporation (NASDAQ: CLWR). The estimates for the wireless broadband service provider from First Call are -$1.01 EPS on $46.13 million in revenues. Next quarter estimates are $51.52 million in…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
On Tuesday morning we’ll get to see earnings out of Clearwire Corporation (NASDAQ: CLWR). The estimates for the wireless broadband service provider from First Call are -$1.01 EPS on $46.13 million in revenues. Next quarter estimates are $51.52 million in revenues. Estimates for fiscal Jan-2009 are -$4.08 EPS on $269 million in revenues.
With all the problems seen over at Sprint Nextel (NYSE: S), we’ll not consider anything a done-done deal. Even the stake from Motorola (NYSE: MOT) is hard to count as gospel as there has been hardly anything good up in Schaumburg, Illinois to report. As a reminder, every earnings release from Clearwire has the shot of seeing an announcement of additional securities in debt and/or stock being sold as well. You can usually expect an insider selling window to open up as well.
Analysts have an average price target north of $25.00, which is still about 70% higher than current prices. Clearwire Corporation’s 52-week trading range is $10.29 to $35.41.
Jon C. Ogg
March 1, 2008
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.