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

Cogent Communications Holdings

04/05/2023 14:34

* Cogent Communications Holdings Inc  CCOI.OQ  reported
quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in March. The mean expectation of twelve analysts for the
quarter was for earnings of 15 cents per share.
    * Revenue rose 3% to $153.59 million from a year ago;
analysts
expected $154.20 million. 
    * Cogent Communications Holdings Inc's reported EPS for the
quarter was 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cogent Communications Holdings Inc shares had risen
by 15.5%
this quarter and gained 28.9% so far this year.
    * The company reported quarterly net income of $6.15
million.
    * Wall Street's median 12-month price target for Cogent
Communications Holdings Inc is $69.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 01:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.25           0.24           Missed