Cogent Communications Group Goes Negative
Feb 22nd 2013 12:06PM
Updated Feb 22nd 2013 12:25PM
Cogent Communications Group (NAS: CCOI) reported earnings on Feb. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cogent Communications Group met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share shrank to a loss. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Cogent Communications Group logged revenue of $82.6 million. The 13 analysts polled by S&P Capital IQ foresaw sales of $82.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. Non-GAAP EPS were -$0.02 for Q4 versus $0.12 per share for the prior-year quarter. GAAP EPS were -$0.01 for Q4 versus $0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.4%, 320 basis points worse than the prior-year quarter. Operating margin was 11.1%, 270 basis points worse than the prior-year quarter. Net margin was -0.3%, 720 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $84.9 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $354.9 million. The average EPS estimate is $0.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 79 members out of 115 rating the stock outperform, and 36 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Cogent Communications Group a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cogent Communications Group is outperform, with an average price target of $23.82.
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The article Cogent Communications Group Goes Negative originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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