Cogent Communications Holdings Inc expected to post earnings of 1 cent a share - Earnings Preview

Cogent Communications Holdings

08/08/2023 12:56

* Cogent Communications Holdings Inc  CCOI.OQ   CCOI.O  is
expected to show a rise in quarterly revenue when it reports 
results on August 10. 
    * The Washington Washington Dc-based  company is expected to
report  a 77.9% increase in revenue to $264.057 million from
$148.45 million a year ago, according to the mean estimate from
7 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cogent
Communications
Holdings Inc is for earnings of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cogent
Communications Holdings Inc is $69.5​, above​ its last closing
price of $58.77. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.17        0.15       0.14      Missed  -7.6
 Dec. 31 2023  0.18        0.18       0.02      Missed  -89.1
 Sep. 30 2022  0.23        0.22       -0.17     Missed  -178.8
                                                        ​
 Jun. 30 2022  0.25        0.25       0.24      Missed  -3
 ​​Mar.        0.20        0.21       0.02      Missed  -90.4
 31 2022                                                
 Dec. 31 2021  0.24        0.21       0.39      Beat    83.5​
 Sep. 30 2021  0.24        0.24       0.28      Beat    16
 Jun. 30 2021  0.21        0.21       -0.05     Missed  -123.7
 This summary was machine generated August 8 at 11:56 GMT.  All
figures in US dollars  unless otherwise stated