Level three Communications 2Q Earnings Pregame Scorecard

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Last quarter Level three Communications (NYSE:LVLT) beat estimates by 22 cents per share and it is up again on Wednesday, July 25, 2012.

Expectations

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Analysts currently expect Level three Communications to come in with a loss of 27 cents per share on revenues of $1.6 billion. Analyst estimates range from a loss per share to a loss per share. Over the past three months, the average estimate has moved up from a loss of 38 cents.

Company Fundamental Trends On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 2.6% in the second quarter of the last fiscal year, 3.8% in the third quarter of the last fiscal year and 65.6% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Stock Ratings

Analysts think investors should stand pat on Level three Communications with eight of 13 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, the company's loss narrowed to a loss of $138 million (66 cents a share) from a loss of $205 million ($1.80) a year earlier, beating analyst expectations. Revenue rose 70.7% to $1.59 billion from $929 million.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012 before market open

EPS:

Revenue Estimate: $1.6 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)