Level three Communications, Inc. (NASDAQ:LVLT) will unveil its latest earnings on Wednesday, February 8, 2012.  The average estimate of analysts is for a loss of $1.02 per share, a narrower loss from the year earlier quarter net loss of $1.35. During the past three months, the average estimate has moved up from a loss of $1.03. Between one and three months ago, the average estimate moved down. It has risen from a loss of $1.05 during the last month.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported net loss of $1.16 per share versus a mean estimate of $1.48. Two quarters ago, it reported a loss of $1.35 per share. Analysts are projecting a rise of 77% in revenue from the year-earlier quarter to $1.63 billion.

Competitors to Watch: Global Crossing Ltd. (NASDAQ:GLBC), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), tw telecom inc. (NASDAQ:TWTC),  AboveNet, Inc. (NYSE:ABVT), PAETEC Holding Corp. (NASDAQ:PAET), Xfone, Inc. (AMEX:XFN), Tata Communications Ltd. (NYSE:TCL), Sprint (NYSE:S) and Cincinnati Bell Inc. (NYSE:CBB).

Sprint Nextel Corp (NYSE:S) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for net loss of 38 cents per share, a wider loss from the year earlier quarter net loss of 29 cents. During the past three months, the average estimate has moved down from a loss of 36 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 37 cents during the last month.

Last quarter, the company reported a loss of 10 cents per share versus a mean estimate of net loss of. The company has beaten estimates for the past three quarters. Analysts are projecting a rise of 4.6% in revenue from the year-earlier quarter to $8.68 billion.

Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Clearwire Corporation (NASDAQ:CLWR), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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