Boingo Wireless Earnings: Here’s Why Investors are Excited Now

Boingo Wireless Inc (NASDAQ:WIFI) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.19%.

Boingo Wireless Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.01 in the quarter versus EPS of $0.04 in the year-earlier quarter.

Revenue: Rose 7.82% to $26.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Boingo Wireless Inc reported adjusted EPS loss of $0.01 per share. By that measure, the company met the mean analyst estimate of $-0.01. It beat the average revenue estimate of $24.57 million.

Quoting Management: “Our positive momentum continued through the second quarter, with all three major lines of business– retail, wholesale, and advertising – contributing to our overall performance,” said David Hagan, Chief Executive Officer of Boingo Wireless. “Our retail and advertising businesses over-performed for the quarter to help lead us to $26.2 million in revenue, which exceeded the high end of our guidance. Stability in the wholesale sector, especially as it relates to revenue generated by DAS upgrade projects for the carriers, helped amplify the retail and advertising gains.”

Key Stats (on next page)…

Revenue increased 13.27% from $23.13 million in the previous quarter. EPS increased to $-0.01 in the quarter versus EPS of $-0.03 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.03 and has not changed. For the current year, the average estimate has moved down from a profit of $0.07 to a profit of $0.06 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)