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Will Sprint Continue Its Earnings Growth in Fiscal 4Q17?

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Sprint’s earnings in fiscal 4Q17

Sprint (S) is expected to release its fiscal 4Q17[1. fiscal 4Q17 ended March 2018] results on May 2. In this series, we’ll discuss the expectations for the company’s performance during the quarter. 

Wall Street analysts expect the company’s earnings to grow YoY (year-over-year) in fiscal 4Q17. Analysts expect Sprint’s earnings per share (or EPS) to reach a loss of $0.06 in fiscal 4Q17 compared with an EPS loss of $0.07 in fiscal 4Q16.

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Sprint’s EPS improved from a loss of $0.12 in fiscal 3Q16 to earnings per share of $1.76 in fiscal 3Q17. However, $7.1 billion of the $7.2 billion net income in fiscal 3Q17 was a non-cash benefit from tax reform. The company noted that excluding tax reform, hurricane-related impacts, and other non-recurring items, the net loss would have improved by ~$300.0 million YoY. 

On a pro forma basis, Sprint had reported a net loss of $0.02 per share in fiscal 3Q17. Wall Street analysts had expected an EPS loss of $0.04.

Sprint’s peer comparison of EPS in 4Q17

In 4Q17, Verizon (VZ) had reported adjusted EPS of $0.86, which was flat YoY. AT&T’s (T) adjusted EPS rose ~18.2% YoY to reach $0.78 during the same quarter. T-Mobile’s (TMUS) adjusted EPS rose ~35.6% YoY to reach $0.61.

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In the next part, we’ll look at the total revenue growth we can expect from Sprint in fiscal 4Q17.

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