TWTC acquisition closed on 10-31-14. So 2014-4Q number included 2 months of TWTC transaction (Nov & Dec) Using some ProForma and LVLT's presentation number, I put together a 1Q-15 forecast numbers:
I found that it is very hard to beat the street estimate of 0.33. Even I found the revenue number is right around there, but my number is only $0.12. I must be missing something. Appreciate any input and correction.
| | | | | ProForma |
| | 2014-4Q | 2105-1Q | | 2014-4Q |
| | | | | |
| | | | | |
Revenue | $ 1,914 | $ 2,050 | | $ 2,052 |
| | | | | |
Costs and Expenses | | | | |
| | | | | |
| Network Access Costs | $ 695 | $ 720 | | $ 732 |
| Network Related Expenses | $ 345 | $ 360 | | $ 378 |
| Depreciation and Amortization | $ 250 | $ 290 | | |
| Selling, General and Administrative Expenses | $ 393 | $ 457 | | $ 567 |
Total Costs and Expenses | $ 1,683 | $ 1,827 |
|
|
| | | | | |
Operating Income | $ 231 | $ 223 |
|
|
| | | | | |
Other Income (Expense): | | | | |
| Interest income | $ - | | | |
| Interest expense | $ (195) | $ (170) | | |
| Loss on extinguishment of debt, net | $ (53) | $ - | | |
| Other, net | $ (20) | | | $ (94) |
Total Other Expense | $ (268) | $ (170) | | $ (94) |
| | | | | |
Loss Before Income Taxes | $ (37) | $ 53 | |
|
| | | | | |
Income Tax Expense | $ 103 | $ (15) |
|
|
| | | | | |
Net Profit (Loss) | $ 66 | $ 38 | |
|
| | | | | |
| | | | | |
Basic Earnings per Common Share: | $ 0.22 | | | |
Net Income (Loss) per Share | 305,842 | | | |
| | | | | |
Diluted Earnings per Common Share: | $ 0.21 | $ 0.12 |
|
|
Net Income (Loss) per Share | 309,597 | 309,597 |
|
|
The street estimate:
Earnings Est | Current Qtr. |
15-Mar |
Avg. Estimate | 0.33 |
No. of Analysts | 16 |
Low Estimate | 0.23 |
High Estimate | 0.41 |
Year Ago EPS | 0.47 |
| |
| |
Revenue Est | Current Qtr. |
15-Mar |
Avg. Estimate | 2.06B |
No. of Analysts | 14 |
Low Estimate | 2.03B |
High Estimate | 2.14B |
Year Ago Sales | 1.61B |
Sales Growth (year/est) | 28.20% |