Gogo Inc expected to post earnings of 6 cents a share - Earnings Preview

Gogo

03/05/2024 16:13

* Gogo Inc  GOGO.OQ   GOGO.O  is expected to show a fall in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Broomfield Colorado-based  company is expected to
report a
2.1% decrease in revenue to $96.556 million from $98.6 million a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Gogo Inc is for earnings
of 6
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 had fallen by
about 3.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Gogo Inc is
$13.50​, above​ its last closing price of $9.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.09        0.10       0.11      Beat    5.8
 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.        0.16        0.16       0.21      Beat    34.9
 31 2022                                                
 Sep. 30 2022  0.16        0.15       0.15      Met     1.7​
 Jun. 30 2022  0.14        0.14       0.17      Beat    18.3
 Mar. 31 2022  0.13        0.13       0.18      Beat    38.5
 This summary was machine generated May 3 at 15:13 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)