The 10-second takeaway
For the quarter ended June 30 (Q2), Boingo Wireless missed estimates on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Gross margins grew, operating margins contracted, and net margins shrank.
Boingo Wireless logged revenue of $24.3 million. The five analysts polled by S&P Capital IQ foresaw a top line of $25.7 million on the same basis. GAAP reported sales were 5.9% higher than the prior-year quarter's $22.9 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 $0.04. The four earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.04 for Q2 were 20% lower than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.8%, 200 basis points better than the prior-year quarter. Operating margin was 9.2%, 140 basis points worse than the prior-year quarter. Net margin was 6.0%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $28.9 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $111.2 million. The average EPS estimate is $0.28.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 68 members out of 73 rating the stock outperform, and five members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give Boingo Wireless a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boingo Wireless is buy, with an average price target of $13.88.
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