Gogo (GOGO) Expected to Announce Earnings on Friday

Gogo (NASDAQ:GOGO) is expected to be releasing its Q1 2025 earnings data before the market opens on Friday, May 9th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $214.93 million for the quarter. Gogo has set its FY 2025 guidance at EPS.

Gogo (NASDAQ:GOGO) last announced its earnings results on Friday, March 14th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The company had revenue of $137.80 million during the quarter, compared to the consensus estimate of $97.80 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was up 40.9% on a year-over-year basis. On average, analysts expect Gogo to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gogo Price Performance

GOGO opened at $7.54 on Wednesday. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. The company’s 50 day simple moving average is $7.43 and its 200-day simple moving average is $7.69. Gogo has a one year low of $6.17 and a one year high of $11.00. The stock has a market capitalization of $996.47 million, a P/E ratio of 17.52 and a beta of 0.93.

Insider Activity at Gogo

In other news, Director Oakleigh Thorne acquired 30,173 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $6.57 per share, for a total transaction of $198,236.61. Following the completion of the acquisition, the director now owns 711,341 shares in the company, valued at $4,673,510.37. This trade represents a 4.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 26.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gogo

A hedge fund recently raised its stake in Gogo stock. Brighton Jones LLC boosted its holdings in shares of Gogo Inc. (NASDAQ:GOGO) by 69.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the technology company’s stock after acquiring an additional 6,978 shares during the period. Brighton Jones LLC’s holdings in Gogo were worth $138,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 69.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GOGO shares. StockNews.com downgraded Gogo from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. Roth Mkm dropped their price objective on Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a report on Monday, March 17th.

About Gogo

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.