Cogent Communications Group Inc. (NASDAQ:CCOI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Cogent Communications Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.01 in the quarter versus EPS of $-0.05 in the year-earlier quarter.
Revenue: Rose 10.03% to $84.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cogent Communications Group Inc. reported adjusted EPS income of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.02. It missed the average revenue estimate of $85.53 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 2.41% from $82.61 million in the previous quarter. EPS increased to $0.01 in the quarter versus EPS of $-0.01 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 $0.06 and has not changed. For the current year, the average estimate has moved down from a profit of $0.3 to a profit of $0.27 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)