Gogo (NASDAQ:GOGO) Issues Q1 2021 Earnings Guidance


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Gogo (NASDAQ:GOGO) updated its first quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $73 million-$73 million, compared to the consensus revenue estimate of $73.85 million.

Several research firms have recently weighed in on GOGO. William Blair upgraded Gogo from a market perform rating to an outperform rating in a research note on Sunday, April 4th. Cowen upgraded Gogo from a market perform rating to an outperform rating and boosted their price target for the stock from $12.00 to $14.00 in a research note on Wednesday, April 14th. Zacks Investment Research cut Gogo from a buy rating to a hold rating in a research note on Wednesday, March 17th. Morgan Stanley restated an equal weight rating and issued a $13.00 price target on shares of Gogo in a research note on Monday, March 1st. Finally, JPMorgan Chase & Co. cut Gogo from a neutral rating to an underweight rating and set a $10.00 price target for the company. in a research note on Monday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Gogo currently has an average rating of Hold and an average target price of $10.50.

Gogo stock traded up $0.20 during mid-day trading on Tuesday, reaching $10.52. 90,677 shares of the stock traded hands, compared to its average volume of 2,799,177. The stock has a market capitalization of $968.71 million, a PE ratio of -3.08 and a beta of 1.48. Gogo has a 12-month low of $1.33 and a 12-month high of $17.23. The business’s 50-day moving average is $10.37 and its 200-day moving average is $10.86.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings data on Thursday, March 11th. The technology company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). The company had revenue of $77.60 million during the quarter, compared to the consensus estimate of $69.09 million. The business’s revenue was down 64.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.28) EPS. Equities research analysts expect that Gogo will post -1.7 EPS for the current fiscal year.

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 and Estimates for Gogo (NASDAQ:GOGO)

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