Internap Network Services (Nasdaq: INAP ) reported earnings on April 25. 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 met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share shrank to zero. GAAP earnings per share.
Margins shrank across the board.
Internap Network Services reported revenue of $69.7 million. The seven analysts polled by S&P Capital IQ expected sales of $69.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 five earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. Non-GAAP EPS contracted to zero from the prior-year quarter's $0.00. GAAP EPS were -$0.03 for Q1 against $0.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.6%, 90 basis points worse than the prior-year quarter. Operating margin was 1.5%, 110 basis points worse than the prior-year quarter. Net margin was -2.4%, 260 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $70.5 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $284.2 million. The average EPS estimate is $0.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 256 members out of 277 rating the stock outperform, and 21 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Internap Network Services a green thumbs-up, and four 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 $10.38.
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