Cogent Communications Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Cogent Communications Holdings

07/11/2024 14:29

* Cogent Communications Holdings Inc  CCOI.OQ  reported a
quarterly adjusted loss of $1.33​​ per share for the quarter
ended September 30, lower than the same quarter last year, when
the company reported EPS of $-1.20.  The mean expectation of
eleven analysts for the quarter was for a loss of $1.19 per
share. Wall Street expected results to range from $-1.47 to -97
cents per share.
    * Revenue fell 6.6% to $257.20 million from a year ago;
analysts
expected $258.69 million. 
    * Cogent Communications Holdings Inc's reported EPS for the
quarter was a loss of $1.33​.
    * The company reported a quarterly loss of $63.11 million.
    * Cogent Communications Holdings Inc shares had risen
by 11.6%
this quarter and gained 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.7%
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 2 "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 November 7 at
02:29 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
 Sep. 30 2024      -1.19          -1.33          Missed
 Jun. 30 2024      -1.12          -0.68          Beat
 Mar. 31 2024      -0.97          -1.38          Missed
 Dec. 31 2023      -0.86          4.17           Beat