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

Cogent Communications Holdings

09/05/2024 13:01

* Cogent Communications Holdings Inc  CCOI.OQ  reported a
quarterly adjusted loss of $1.38​​ per share for the quarter
ended in March, lower than the same quarter last year, when the
company reported EPS of 14 cents.  The mean expectation of
nine analysts for the quarter was for a loss of $1.17 per share.
Wall Street expected results to range from $-1.42 to -79 cents
per share.
    * Revenue rose 73.3% to $266.17 million from a year ago;
analysts
expected $271.81 million. 
    * Cogent Communications Holdings Inc shares had fallen
by 3.0%
this quarter and lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Cogent
Communications Holdings Inc is $83.00 

This summary was machine generated from LSEG data May 9 at 12:00
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
 Mar. 31 2024      -1.17          -1.38          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