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

Cogent Communications Holdings

10/08/2023 13:01

* Cogent Communications Holdings Inc  CCOI.OQ  reported a
quarterly adjusted loss of 67 cents​​ per share for the quarter
ended in June. The mean expectation of twelve analysts for the
quarter was for earnings of one cent per share.
    * Revenue rose 61.5% to $239.81 million from a year ago;
analysts
expected $264.06 million. 
    * Cogent Communications Holdings Inc's reported EPS for the
quarter was $23.65​.
    * The mean earnings estimate of analysts had risen by
about 193.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Cogent Communications Holdings Inc shares had fallen
by 13.3%
this quarter and gained 2.2% so far this year.
    * The company reported quarterly net income of $1.12
billion.
    * Wall Street's median 12-month price target for Cogent
Communications Holdings Inc is $69.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 12:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.01           -0.67          Missed
 Mar. 31 2023      0.15           0.14           Missed
 Dec. 31 2022      0.18           0.02           Missed
 Sep. 30 2022      0.22           -0.17          Missed