Boingo Wireless Earnings: Here’s Why Investors Like These Results
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 6.66%.
Boingo Wireless Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Decreased 4.51% to $23.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Boingo Wireless Inc reported adjusted EPS loss of $0.03 per share. By that measure, the company met the mean analyst estimate of $-0.03. It beat the average revenue estimate of $22.14 million.
Quoting Management: “2013 is off to a strong start, with revenues exceeding the high-end of our expectations,” said David Hagan, Chief Executive Officer of Boingo Wireless. “As we continue to expand our global presence through managed and operated, roaming, and advertising network agreements, we increase our opportunity to monetize those assets through a diverse mix of services, including retail sales, wholesale offload and advertising sponsorships.”
Key Stats (on next page)…
Revenue decreased 17.5% from $28 million in the previous quarter. EPS decreased to $-0.03 in the quarter versus EPS of $0.03 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.07 to $0. For the current year, the average estimate has moved down from a profit of $0.31 to a profit of $0.07 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)