For the quarter ended December 2024, Cogent Communications (CCOI) reported revenue of $252.29 million, down 7.3% over the same period last year. EPS came in at -$0.91, compared to -$0.16 in the year-ago quarter.
The reported revenue represents a surprise of -1.88% over the Zacks Consensus Estimate of $257.13 million. With the consensus EPS estimate being -$1.22, the EPS surprise was +25.41%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cogent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Customer Connections - Total: 123,383 versus 127,757 estimated by three analysts on average.
- Customer Connections - On-net: 87,500 versus 88,212 estimated by three analysts on average.
- Customer Connections - Off-net: 28,963 compared to the 34,171 average estimate based on three analysts.
- Customer Connections - Non-Core: 5,802 versus 5,022 estimated by three analysts on average.
- Total On-Net buildings: 3,453 versus 3,452 estimated by two analysts on average.
- Corporate Revenue: $113.07 million compared to the $118.11 million average estimate based on three analysts. The reported number represents a change of -10.7% year over year.
- Revenue- Enterprise: $45.60 million compared to the $48.96 million average estimate based on three analysts.
- Revenue- Wavelength: $6.97 million versus the three-analyst average estimate of $8.73 million.
- Net-Centric Revenue: $93.63 million versus $91.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.5% change.
- Revenue- Service revenue- Non-Core revenue: $3.38 million versus the two-analyst average estimate of $4.20 million. The reported number represents a year-over-year change of -61.1%.
- Revenue- Service revenue- On-Net revenue: $128.76 million compared to the $135.84 million average estimate based on two analysts. The reported number represents a change of -11% year over year.
- Revenue- Service revenue- Off-Net revenue: $113.19 million versus the two-analyst average estimate of $110.93 million. The reported number represents a year-over-year change of -8.2%.
Shares of Cogent have returned +7.5% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
