Gogo (GOGO) to Release Quarterly Earnings on Monday
Gogo (NASDAQ:GOGO) is scheduled to be announcing its Q114 earnings results on Monday, May 12th. Analysts expect the company to announce earnings of ($0.25) per share and revenue of $94.58 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Gogo (NASDAQ:GOGO) last announced its earnings results on Thursday, March 13th. The company reported ($0.26) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.27) by $0.01. The company had revenue of $92.60 million for the quarter, compared to the consensus estimate of $85.68 million. Gogo’s revenue was up 45.8% compared to the same quarter last year. On average, analysts expect Gogo to post $-0.89 EPS for the current fiscal year and $-0.03 EPS for the next fiscal year.
Shares of Gogo (NASDAQ:GOGO) opened at 12.23 on Friday. Gogo has a one year low of $1.417 and a one year high of $35.77. The stock has a 50-day moving average of $18.23 and a 200-day moving average of $22.13. The company’s market cap is $1.039 billion.
A number of analysts have recently weighed in on GOGO shares. Analysts at JPMorgan Chase & Co. cut their price target on shares of Gogo from $28.00 to $23.00 in a research note on Tuesday, April 29th. They now have an “overweight” rating on the stock. Finally, analysts at Evercore Partners upgraded shares of Gogo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. They now have a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Gogo has an average rating of “Hold” and an average price target of $25.00.
Gogo Inc is a holding company. The Company operates through its two operating subsidiaries, Gogo LLC and Aircell Business Aviation Services LLC.
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