How Much Revenue Growth for Sprint in Fiscal Q1 2018?



Sprint’s revenue in fiscal Q1 2018

In the previous part of this series, we saw Wall Street analysts’ expectations for Sprint’s (S) fiscal Q1 2018[1. Fiscal Q1 2018 ended in June 2018.] earnings. Now let’s look at its expected total revenue for the quarter. Wall Street analysts expect total revenue to decline 0.7% YoY (year-over-year) to $8.1 billion.

In fiscal Q4 2017, Sprint reported total net operating revenues of $8.1 billion, which was slightly above Wall Street analysts’ consensus estimate of $8 billion. Its revenues decreased 5.3% YoY from $8.5 billion in fiscal Q4 2016. The decline was mainly due to lower equipment sales and service revenue, which was partially offset by higher equipment rentals.

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Sprint’s peer comparison of total revenues in the first quarter

In the first quarter of 2018, AT&T’s (T) total revenue fell 3.4% YoY to $38 billion. T-Mobile’s (TMUS) total revenue rose 8.8% YoY to $10.5 billion. Verizon’s (VZ) total revenue increased 6.6% YoY to $31.8 billion.

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In the next part, we’ll see how much consolidated adjusted EBITDA growth we can expect from Sprint in fiscal Q1 2018.


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