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

Gogo

03/05/2023 14:31

* Gogo Inc  GOGO.OQ  reported quarterly adjusted earnings of
15
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of 14 cents per share.
    * Revenue rose 6.3% to $98.60 million from a year ago;
analysts
expected $101.26 million. 
    * Gogo Inc's reported EPS for the quarter was 15 cents​.
    * The mean earnings estimate of analysts had risen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Gogo Inc shares had fallen by 9.4% this quarter and
lost 11.0%
so far this year.
    * The company reported quarterly net income of $20.45
million.
    * Wall Street's median 12-month price target for Gogo Inc is
$19.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.14           0.15           Beat
 Dec. 31 2022      0.16           0.21           Beat
 Sep. 30 2022      0.15           0.15           Met
 Jun. 30 2022      0.14           0.17           Beat