ANALYSTS' CONSENSUS:Wall Street currently considers the stock of Intermedia Communications a "Buy." Having coverage from 22 Wall Street research analysts, the shares have a weighted consensus average, or AQO, of 1.34, which is a higher value than the 1.00 AQO threshold that is a requisite for a consensus "Buy" recommendation. As a proxy for the broad market, the S&P 500 average, currently has an AQO of 0.90, indicating the shares' performance, according to analysts, should be stronger than the general market.
Wall Street expects Intermedia Communications to show increased losses in 1998. For 1999 a decline in losses is expected. Currently, 1997's losses of $-5.43 per share are expected to grow to $-9.41 in 1998 and be in the area of $-8.50 in 1999. Analysts anticipate the S&P 500 will show growth in earnings in 1998 of about 12.86% and will rise 8.40% in 1999.
Currently, industry analysts are projecting a fourth quarter loss for Intermedia Communications to be $-2.18 per share. In the last month, analysts have seen prospects for the quarter erode. The current estimate indicates an increase in losses from the $-2.12 per share forecasted last month. Wall Street also indicates the loss will be greater than that recorded in the prior year quarter of $-1.64.
Confidence by analysts in the forecast of earnings for Intermedia Communications is at the top of the scale statistically. There is a much lower deviation in the consensus estimate for the company than for the market as a whole and any significant variation of actual results from expectations could have a very adverse affect on the price of company shares.ICIX January 10, 1999
Intermedia Communications Inc.
'Buy' (As of 01/08/99)
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