Gogo Inc reports results for the quarter ended in June - Earnings Summary

Gogo

07/08/2024 14:31

* Gogo Inc  GOGO.OQ  reported quarterly adjusted earnings of
1
cent​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 67
cents.  The mean expectation of six analysts for the quarter was
for earnings of 7 cents per share. Wall Street expected
results to range from 5 cents to 9 cents per share.
    * Revenue fell 1.1% to $102.06 million from a year ago;
analysts
expected $99.02 million. 
    * Gogo Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $839
thousand.
    * Gogo Inc shares had fallen by 16.4% this quarter and
lost 20.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the wireless
telecommunications services peer group is  "hold."

Wall Street's median 12-month price target for Gogo Inc is
$12.00 
This summary was machine generated from LSEG data August 7 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.07           0.01           Missed
 Mar. 31 2024      0.07           0.23           Beat
 Dec. 31 2023      0.10           0.11           Beat
 Sep. 30 2023      0.14           0.16           Beat