Internap Network Services (NAS: INAP) is expected to report Q3 earnings on Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Internap Network Services's revenues will grow 11.8% and EPS will decrease -200.0%.
The average estimate for revenue is $69.3 million. On the bottom line, the average EPS estimate is $0.01.
Last quarter, Internap Network Services booked revenue of $68.7 million. GAAP reported sales were 14% higher than the prior-year quarter's $60.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.01. GAAP EPS were -$0.04 for Q2 versus -$0.05 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 preceding quarter, gross margin was 43.0%, 250 basis points better than the prior-year quarter. Operating margin was 1.1%, 170 basis points better than the prior-year quarter. Net margin was -2.9%, 140 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $275.7 million. The average EPS estimate is $0.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 256 members out of 275 rating the stock outperform, and 19 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Internap Network Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Internap Network Services is outperform, with an average price target of $8.60.
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The article What Does Wall Street See for Internap Network Services's Q3? originally appeared on Fool.com.
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