Cogent Communications Group (Nasdaq: CCOI ) reported earnings on Nov. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Cogent Communications Group met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share contracted to zero.
Margins dropped across the board.
Cogent Communications Group notched revenue of $79.7 million. The 13 analysts polled by S&P Capital IQ expected sales of $80.2 million on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $77.4 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 $0.00. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.01.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.1%, 240 basis points worse than the prior-year quarter. Operating margin was 10.1%, 230 basis points worse than the prior-year quarter. Net margin was -0.1%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $82.9 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $317.5 million. The average EPS estimate is -$0.03.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 76 members out of 111 rating the stock outperform, and 35 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Cogent Communications Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cogent Communications Group is outperform, with an average price target of $21.40.
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