Gogo (GOGO) Set to Announce Quarterly Earnings on Tuesday

Gogo (NASDAQ:GOGO) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Gogo to post earnings of $0.05 per share for the quarter. Gogo has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Gogo (NASDAQ:GOGO) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $102.10 million during the quarter, compared to analyst estimates of $99.02 million. Gogo had a return on equity of 145.01% and a net margin of 16.59%. Gogo’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share. On average, analysts expect Gogo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gogo Stock Performance

Shares of GOGO opened at $6.66 on Friday. The firm has a fifty day moving average of $7.13 and a 200-day moving average of $8.52. The company has a market cap of $845.49 million, a price-to-earnings ratio of 13.06 and a beta of 1.10. The company has a debt-to-equity ratio of 11.25, a quick ratio of 3.16 and a current ratio of 3.95. Gogo has a 1 year low of $6.17 and a 1 year high of $11.23.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GOGO shares. JPMorgan Chase & Co. reduced their target price on shares of Gogo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Morgan Stanley cut their price target on Gogo from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 3rd. Finally, Roth Mkm reissued a “buy” rating and issued a $15.50 price objective on shares of Gogo in a report on Tuesday, September 17th.

Gogo Company Profile

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.