Gogo (GOGO) Set to Announce Quarterly Earnings on Tuesday

Gogo (NASDAQ:GOGO) is set to issue its quarterly earnings data before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of ($0.71) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Gogo (NASDAQ:GOGO) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.27. The firm had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $207.64 million. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.56) earnings per share. On average, analysts expect Gogo to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Shares of GOGO traded up $0.01 during mid-day trading on Tuesday, reaching $6.07. 13,404 shares of the stock traded hands, compared to its average volume of 1,700,740. The firm has a market capitalization of $552.93 million, a P/E ratio of -2.81 and a beta of 1.13. Gogo has a 1 year low of $3.52 and a 1 year high of $11.75.

GOGO has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Gogo from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research lowered shares of Gogo from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. William Blair lowered shares of Gogo from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 17th. Raymond James lowered shares of Gogo from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research report on Tuesday, July 24th. Finally, BidaskClub upgraded shares of Gogo from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.38.

About Gogo

Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA).

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Earnings History for Gogo (NASDAQ:GOGO)

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