Sprint’s Q3 2018 Highlights: Earnings Missed Estimates



Sprint’s earnings trend

Sprint (S) reported its fiscal 2018 third-quarter earnings results for the period that ended in December 2018 on January 31. 

In the third quarter of fiscal 2018, Sprint reported adjusted EPS of -$0.03, which missed analysts’ consensus estimate of -$0.02. Its top line increased ~4.4% YoY (year-over-year) to $8.6 billion, which was $174 million more than the consensus revenue expectation reported by Thomson Reuters.

Sprint’s adjusted EBITDA rose ~14.0% YoY to reach $3.1 billion in the third quarter of fiscal 2018. Its adjusted EBITDA margin rose to 54.4% in the third quarter of fiscal 2018 compared to 45.9% in the previous year’s quarter.

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Peer comparison

In comparison, Verizon’s (VZ) adjusted EPS rose ~30.2% YoY to reach $1.12 in the quarter that ended on December 31, while AT&T’s (T) adjusted EPS rose ~10.3% YoY to reach $0.86. Meanwhile, T-Mobile (TMUS) hasn’t yet reported its financial results. Wall Street expects T-Mobile’s adjusted EPS to rise ~13.1% YoY to $0.69.

In the next article, we’ll look at Sprint’s revenue growth in the third quarter of fiscal 2018.


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