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

Gogo

07/05/2024 14:31

* Gogo Inc  GOGO.OQ  reported quarterly adjusted earnings of
23
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 15
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 4 cents to 13 cents per share.
    * Revenue rose 5.8% to $104.32 million from a year ago;
analysts
expected $96.56 million. 
    * Gogo Inc shares had risen by 7.2% this quarter and
lost 7.1% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Gogo Inc is
$13.50 

This summary was machine generated from LSEG data May 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
 Mar. 31 2024      0.07           0.23           Beat
 Dec. 31 2023      0.10           0.11           Beat
 Sep. 30 2023      0.14           0.16           Beat
 Jun. 30 2023      0.14           0.67           Beat