Cogent Communications (CCOI Quick QuoteCCOI - Free Report) reported $260.44 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.6%. EPS of -$0.75 for the same period compares to -$0.13 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $264.69 million, representing a surprise of -1.61%. The company delivered an EPS surprise of +42.75%, with the consensus EPS estimate being -$1.31.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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 - Off-net

  : 32,758 compared to the 36,827 average estimate based on three analysts.

• Customer Connections - Non-Core

  : 7,883 compared to the 10,161 average estimate based on three analysts.

• Customer Connections - On-net

  : 87,387 compared to the 93,298 average estimate based on three analysts.

• Customer Connections - Total

  : 128,782 versus 140,286 estimated by three analysts on average.

• Geographic Revenue- North America

  : $224.19 million versus $227.61 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.

• Geographic Revenue- Africa

  : $0.16 million versus the two-analyst average estimate of $0.18 million. The reported number represents a year-over-year change of -19.3%.

• Geographic Revenue- Europe

  : $28.47 million versus $28.46 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.6% change.

• Geographic Revenue- South America

  : $1.96 million versus the two-analyst average estimate of $1.99 million. The reported number represents a year-over-year change of +5.6%.

• Corporate Revenue

  : $119.56 million versus the four-analyst average estimate of $123.30 million.

• Revenue- Enterprise

  : $49.78 million versus the four-analyst average estimate of $49.04 million.

• Net-Centric Revenue

  : $91.11 million versus $92.26 million estimated by four analysts on average.

• Revenue- Service revenue- Non-Core revenue

  : $4.61 million compared to the $5.69 million average estimate based on two analysts.

View all Key Company Metrics for Cogent here>>>

Shares of Cogent have returned +14.7% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.