Internap Network Services (Nasdaq: INAP ) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Internap Network Services met expectations on revenues and exceeded expectations on earnings per share.
Compared with the prior-year quarter, revenue improved and GAAP earnings per share increased to zero.
Margins grew across the board.
Internap Network Services reported revenue of $67.0 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $66.7 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $59.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.03. The five earnings estimates compiled by S&P Capital IQ averaged $0.00 per share. GAAP EPS dropped to zero from the prior-year quarter's -$0.03.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.5%, 100 basis points better than the prior-year quarter. Operating margin was 2.6%, 370 basis points better than the prior-year quarter. Net margin was 0.2%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $68.1 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $276.3 million. The average EPS estimate is $0.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 257 members out of 276 rating the stock outperform, and 19 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Internap Network Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Internap Network Services is outperform, with an average price target of $8.63.
New mobile devices and services are changing the game and profit potential at many former Internet leaders. Where does Internap Network Services fit in? Who will lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Get instant access to this free report.
- Add Internap Network Services to My Watchlist.