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Most players in the colocation sector are due to report earnings this week. Let's have a closer look at consensus and some key metrics.

Last Friday, Terremark (NASDAQ:TMRK), recently acquired by Verizon (NYSE:VZ) in a deal worth about $2 billion, including debt, reported its fiscal Q3 revenues. Digging through its numbers, it appears that colocation was the main growth driver for the company, with a 15% increase on the previous quarter – numbers which seem to bode well for the sector.

Savvis (NASDAQ:SVVS) will be reporting earnings on Tuesday, February 8. Analysts expect, on average, revenues of $ 248.35 million, a 12 % increase to the same quarter of last year. Earnings are forecasted a negative $ 0.21 per share. The company should end 2010 with total revenues of about $ 928.8 million, according to consensus. Savvis was recently one of the main stocks benefiting from the cloud computing acquisition binge following the Terremark and Navisite (NASDAQ:NAVI) acquisitions. Investors should also look for international agreements, as CEO Ousley recently mentioned in an interview with Reuters the possibility to partner with a network provider in India or China to increase Savvis' presence in the region.

Equinix (NASDAQ:EQIX), the main network neutral player in the sector, will be reporting Q4 earning next Wednesday, February 9. Its guidance forecasts revenues in the $ 341 to $ 343 million range, with adjusted EBITDA expected around $ 146 million. Equinix does not issue guidance for earnings per share. Assuming these numbers are met, organic growth for the company would still about 21%, compared to 2009, and excluding any impact from the Switch and Data acquisition. Consensus is for revenues of $ 341.9 million, and earning per share of $ 0.23.

During the last conference call, Equinix's management already issued guidance for next year. The company expects revenues to be in excess of $1.5 billion, and adjusted EBITDA to be over $675 million. Capital expenditures for 2011 are expected to be approximately $400 million, including both expansion and ongoing CapEx, much less than in 2010, as the company added data center space through the Switch and Data acquisition.

Dupont Fabros Technology (NYSE:DFT) will be the first REIT to report Q4 results on Wednesday, February 9. Analysts expect on average revenues of $ 69.1 million, and a profit of $ 0.16 per share. However, company's guidance was for a profit of $ 0.09 to $ 0.12 per share. According to consensus, the expected revenues growth would exceed 30% on a yearly basis. The company reported $ 52.7 million in Q4 2009. Like other REIT players in the sector, Dupont Fabros has several outstanding data center projects that should allow the company to keep growing revenues in the future.

CoreSite (NYSE:COR) will be reporting earning on Thursday, February 10. The company is the latest listed REIT player in the colocation arena, having completed its listing just in September 2010. It operates seven data centers located in five of the top six North American hubs for colocation services, including One Wilshire, in Los Angeles, the premier interconnection point between North America and Asia, and the crown jewel in CoreSite's portfolio. The company has several growth projects in the pipeline, which are expected to come online by middle 2011. Analysts, on average, forecast revenues of $ 31 million for Q4, and earnings of $ 0.22 per share.

Disclosure: I am long EQIX.