Will Communications Sales & Leasing, Inc. (NASDAQ:CSAL) be Surging after Earnings Report?

Communications Sales & Leasing, Inc. (NASDAQ:CSAL) moved up 2.21% and closed its last trading session at $27.34. This Finance Sector stock currently has the Market Capitalization of 4.28 Billion. The Average Volume for the stock is measured as 885.65 Million. The Stock has a 52-Week High of $32.73 and 52-Week Low of $16.79 following the dates, it touched its 52-Week High on Sep 26, 2016 and 52-Week Low on Feb 25, 2016. Currently, the Return on Assets value for the trailing twelve months is 0.3% with the Return on Equity and Return on Investment of -0.6% and 8.8% respectively. This firm currently has YTD (year to date) performance of 7.6 Percent which is awesome. The Short Ratio for the stock is 2.72.

Communications Sales & Leasing, Inc. (NASDAQ:CSAL) Price to Earnings (P/E) ratio is 546.8. EPS or Earning per Share stands at $0.05. The TTM operating margin is 38.5 percent.

Communications Sales & Leasing, Inc. (NASDAQ:CSAL) reports its Earnings on Tomorrow. The estimated EPS for the current quarter is said to be $0.58. Following Earnings result, share price were UP 4 times out of last 6 Qtrs. The stock has added about 7% since it reported its last earnings. The Closing price of Communications Sales & Leasing, Inc. (NASDAQ:CSAL) at Last Earnings was $25 as compared to the previous closing price of $26.75. The Predicted Move on the 7th day after Communications Sales & Leasing, Inc. (NASDAQ:CSAL) will release its earnings at about 4%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Communications Sales & Leasing, Inc. (NASDAQ:CSAL) beats earnings by 50%, The Stock Missed Earnings  2  times and has met earnings  1  times.

Earnings History:

We will discuss the past Quarters Earnings below:

Communications Sales & Leasing, Inc. (NASDAQ:CSAL) reported its previous quarter on 11/14/2016 where it reported the Actual Earnings of $-0.03. The Closing price before the company posted its earnings was $25. The Stock declined on the very next day of earnings and maintained its stock price at $23.78 by showing a % change of -4.88 percent from its previous closing price. The Next Day Volume after Earnings was reported as 4.24 Million. On the 7th day After Earnings Report, the stock hit its share price as $23.76 by showing -4.96% decrease from the Stock price Before Earnings were reported.

On 08/11/2016, the stock reported the EPS of $-0.02 where Analysts were projecting the EPS to be $0.06 showing a difference of $-0.08. Thus Surprise Factor was there with -133.3 percent. Before Earnings Announcement on 08/11/2016, the firm had its stock price of $28.98. And immediately on the next day after earnings announcement, the stock inclined 0.28% and closed its trading session at $29.06. On 7th Day after earnings release, Communications Sales & Leasing, Inc. (NASDAQ:CSAL) dropped to -1.38% from $28.98 to $28.58.

On 05/12/2016, Analysts were suspecting EPS of $0.06/share where Communications Sales & Leasing, Inc. (NASDAQ:CSAL) reported its Actual EPS of $0.05. Thus showing a Surprise of -16.7 percent. The Closing Price of the stock before earnings was $22.28 while on the Next day the stock closed its trading session at $22.56 with a percentage change of 1.26% from the price of 22.28 before Earnings. The Stock Closing Price on the 7th day of earnings was $22.67.

Company Profile:

Communications Sales & Leasing, Inc., an internally managed real estate investment trust, engages in the acquisition and construction of mission critical communications infrastructure; and provision of wireless infrastructure solutions for the communications industry. It operates in two segments, Leasing and Consumer CLEC. It primarily focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks, and data centers. The company leases its distribution systems to Windstream Holdings on a triple-net basis pursuant to a long-term exclusive lease agreement. As of October 6, 2016, it owned 4.2 million fiber strand miles, 86 wireless towers, and other communications real estate throughout the United States and Mexico. The company qualifies as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Communications Sales & Leasing, Inc. was incorporated in 2014 and is based in Little Rock, Arkansas.