Wall Street brokerages forecast that Gogo Inc (NASDAQ:GOGO) will announce earnings per share (EPS) of ($0.68) for the current quarter, Zacks reports. Seven analysts have made estimates for Gogo’s earnings. The lowest EPS estimate is ($0.85) and the highest is ($0.55). Gogo reported earnings of ($0.57) per share during the same quarter last year, which would indicate a negative year over year growth rate of 19.3%. The firm is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Gogo will report full-year earnings of ($2.16) per share for the current year, with EPS estimates ranging from ($2.36) to ($2.01). For the next fiscal year, analysts anticipate that the company will post earnings of ($2.13) per share, with EPS estimates ranging from ($2.66) to ($1.67). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Gogo.

Gogo (NASDAQ:GOGO) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.74) by $0.27. The company had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $207.64 million. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.56) EPS.

Several equities analysts have weighed in on the company. ValuEngine raised Gogo from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. BidaskClub downgraded Gogo from a “hold” rating to a “sell” rating in a research report on Thursday, June 28th. Zacks Investment Research raised Gogo from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, UBS Group downgraded Gogo from a “buy” rating to a “neutral” rating in a research report on Monday, May 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Gogo presently has a consensus rating of “Hold” and a consensus target price of $8.38.

Gogo stock opened at $4.47 on Tuesday. The company has a debt-to-equity ratio of -4.44, a quick ratio of 1.43 and a current ratio of 2.01. Gogo has a fifty-two week low of $3.52 and a fifty-two week high of $14.76.

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in Gogo during the fourth quarter worth $115,000. Gamco Investors INC. ET AL grew its position in shares of Gogo by 8.0% in the first quarter. Gamco Investors INC. ET AL now owns 1,070,500 shares of the technology company’s stock valued at $9,238,000 after purchasing an additional 79,475 shares during the period. Gabelli Funds LLC grew its position in shares of Gogo by 5.2% in the first quarter. Gabelli Funds LLC now owns 1,849,200 shares of the technology company’s stock valued at $15,959,000 after purchasing an additional 91,500 shares during the period. First Midwest Bank Trust Division grew its position in shares of Gogo by 477.0% in the second quarter. First Midwest Bank Trust Division now owns 435,931 shares of the technology company’s stock valued at $2,118,000 after purchasing an additional 360,384 shares during the period. Finally, Engineers Gate Manager LP grew its position in shares of Gogo by 34.8% in the second quarter. Engineers Gate Manager LP now owns 132,288 shares of the technology company’s stock valued at $643,000 after purchasing an additional 34,147 shares during the period. 67.56% of the stock is owned by institutional investors.

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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