Gogo Inc expected to post earnings of 11 cents a share - Earnings Preview

Gogo

26/02/2024 15:51

* Gogo Inc  GOGO.OQ   GOGO.O  is expected to show a fall in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Broomfield Colorado-based  company is expected to
report a
10.8% decrease in revenue to $96.491 million from $108.16
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sales is on Total Revenue Basis)
    * ​LSEG's mean analyst estimate for Gogo Inc is for earnings
of 11
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Gogo Inc is
$15.00​, above​ its last closing price of $8.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.15        0.14       0.16      Beat    13.1
 Jun. 30 2023  0.15        0.14       0.67      Beat    369
 Mar. 31 2023  0.14        0.14       0.15      Beat    11.1​
 Dec. 31 2022  0.16        0.16       0.21      Beat    34.9
 ​​Sep.        0.16        0.15       0.15      Met     1.7
 30 2022                                                
 Jun. 30 2022  0.14        0.14       0.17      Beat    18.3​
 Mar. 31 2022  0.13        0.13       0.18      Beat    38.5
 Dec. 31 2021  0.08        0.08       1.60      Beat    1,831
 This summary was machine generated February 26 at 15:51 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)