Cogent Communications Holdings Inc reports results for the quarter ended in December - Earnings Summary

Cogent Communications Holdings

29/02/2024 13:48

* Cogent Communications Holdings Inc  CCOI.OQ  reported
quarterly
adjusted earnings of $4.17​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 2 cents.  The mean expectation of
ten analysts for the quarter was for a loss of 86 cents per
share. Wall Street expected results to range from $-1.43 to 51
cents per share.
    * Revenue rose 79% to $272.10 million from a year ago;
analysts
expected $271.08 million. 
    * Cogent Communications Holdings Inc's reported EPS for the
quarter was $4.17​.
    * The company reported quarterly net income of $200.15
million.
    * Cogent Communications Holdings Inc shares had risen
by 6.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Cogent
Communications Holdings Inc is $82.00 
This summary was machine generated from LSEG data February 29 at
01:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.86          4.17           Beat
 Sep. 30 2023      -0.99          -1.20          Missed
 Jun. 30 2023      0.01           -0.67          Missed
 Mar. 31 2023      0.15           0.14           Missed