Even though I do not like to bet on earnings, with INAP’s earnings coming out next week, I thought I’d review the company’s outlook quickly.

Basically, my main premise with regards to INAP in 2010, on the financial side, is that comparisons year-over-year for at least the first two quarters will be very favorable. Notably, the company lost $0.13 per share and lost $1.22 per share in Q1-09, and Q2-09, respectively, due to impairment and other charges. Given that the company basically broke even in Q4-09 on a lower revenue base, I’m confident that the company’s upcoming quarters will show substantial improvement over the dismal results in the first half of 09. The improving financials, coupled with INAP’s success with their data center expansion, should increase interest in the shares, and support a higher stock price.

Disclosure: Affiliates of Envoy Global Research, and its principals, own shares in INAP. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.