What’s Sprint’s Outlook for Fiscal 2018?

Sprint (S) has begun to recover from years of subscriber losses and continues to make progress both on cost optimization initiatives and customer retention and acquisition. In fiscal 2018 (year ending March 2019), Sprint expects adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) to be in the range of $11.3 billion and $11.8 billion, mainly driven by ongoing focus on significant cost savings. Additionally, Sprint expects its cash capital expenditures to be in the range of $5.0 billion–$6.0 billion excluding leased devices as the company ramps up its densification plan.