Wall Street brokerages expect Gogo Inc (NASDAQ:GOGO) to announce ($0.74) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Gogo’s earnings. The lowest EPS estimate is ($0.83) and the highest is ($0.66). Gogo posted earnings of ($0.52) per share during the same quarter last year, which indicates a negative year over year growth rate of 42.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 28th.
On average, analysts expect that Gogo will report full-year earnings of ($2.00) per share for the current fiscal year, with EPS estimates ranging from ($2.06) to ($1.94). For the next year, analysts anticipate that the firm will post earnings of ($2.21) per share, with EPS estimates ranging from ($2.48) to ($1.77). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Gogo.
Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.47) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.71) by $0.24. The firm had revenue of $217.26 million during the quarter, compared to the consensus estimate of $212.01 million. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.57) earnings per share.
Several analysts recently weighed in on the company. ValuEngine raised Gogo from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Zacks Investment Research raised Gogo from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Wednesday, November 14th. BidaskClub lowered Gogo from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Northland Securities set a $2.00 price objective on Gogo and gave the company a “sell” rating in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $8.30.
Hedge funds have recently modified their holdings of the business. HighPoint Advisor Group LLC acquired a new position in Gogo in the second quarter valued at approximately $109,000. Gamco Investors INC. ET AL boosted its stake in Gogo by 13.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,209,800 shares of the technology company’s stock valued at $5,880,000 after acquiring an additional 139,300 shares during the period. Russell Investments Group Ltd. boosted its stake in Gogo by 49.6% in the second quarter. Russell Investments Group Ltd. now owns 179,226 shares of the technology company’s stock valued at $871,000 after acquiring an additional 59,441 shares during the period. First Midwest Bank Trust Division boosted its stake in Gogo by 57.1% in the third quarter. First Midwest Bank Trust Division now owns 684,720 shares of the technology company’s stock valued at $3,554,000 after acquiring an additional 248,789 shares during the period. Finally, Gabelli Funds LLC boosted its stake in Gogo by 7.7% in the second quarter. Gabelli Funds LLC now owns 1,991,000 shares of the technology company’s stock valued at $9,676,000 after acquiring an additional 141,800 shares during the period. Institutional investors own 67.31% of the company’s stock.
Shares of Gogo stock opened at $3.67 on Wednesday. The stock has a market capitalization of $339.34 million, a P/E ratio of -1.69 and a beta of 0.58. Gogo has a fifty-two week low of $3.52 and a fifty-two week high of $11.75.
Gogo Company Profile
Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA).
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