Level 3 Communications, Inc. (NYSE:LVLT) is trading up 40.07% versus 12-month low of 41.73 and stands -1.33% lower from its 1-year peak of $59.24. The consensus price target (PT) of $62.00 means that the market expects Company shares to increase by 5.7% in the short run. The sell-side target prices range from $55 to $71. In the last month the stock has moved in price 3.91%, with a one year change of 18.20%. The last trading session volume compares with the 4.05M average and market worth floats around 21.10B.

Level 3 Communications, Inc. (NYSE:LVLT) fell -0.32% to reach at the trading price of $58.45 as it is set to release its next quarterly earnings report on February 08, 2017. Level 3 Communications, Inc. stock trades in the range of $58.29 to $58.74 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.44 a share with $2.06B in revenue.

Level 3 Communications, Inc. (LVLT) Future Earnings & History

After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Level 3 Communications, Inc. to earn $0.43 per share (EPS) on revenue of $2.07B. The EPS consensus range is $0.35-$0.51 on revenue between $2.13B and $2.02B.

While if we look at the Earnings Track Record, Level 3 Communications, Inc. (LVLT) managed to surpass quarterly earnings per share estimates in 9 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 75%. Last time the company reported, Level 3 Communications, Inc. (LVLT) generated $0.39 in earnings per share, missing the consensus estimate of $0.42. Revenues hit $2.03B in the September 2017 quarter, which was below the consensus $2.07B projection. On the other hand, in the June 2017 quarter the company recorded a net $2.06B revenue with earnings per share of $0.42. Wall Street had anticipated $2.08B and $0.44, respectively. For comparison, there was a revenue of $2.05B and EPS of $0.58 in the March 2016 period.

Level 3 Communications, Inc. (NYSE:LVLT) Analyst Insights

The buoyancy in the outlook of Level 3 Communications, Inc. (LVLT) is getting weaker by the somewhat negative sentiment (2.70 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Outperform. MoffettNathanson has been covering shares of LVLT, so it is most recent view is worth a look. In a research note issued on Nov 22, 2016, analysts at downgraded the stock to Neutral from Buy. Another noteworthy analyst activity was recorded on Nov 16, 2016. Downgraded the stock to Equal Weight from Overweight.