Earnings Outlook For Gogo

Gogo (NASDAQ:GOGO) is set to give its latest quarterly earnings report on Tuesday, 2024-11-05. Here's what investors need to know before the announcement.

Analysts estimate that Gogo will report an earnings per share (EPS) of $0.05.

Anticipation surrounds Gogo's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

In the previous earnings release, the company beat EPS by $0.02, leading to a 0.39% drop in the share price the following trading session.

Here's a look at Gogo's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.07

0.06

0.11

0.14

EPS Actual

0.09

0.16

0.11

0.16

Price Change %

-0.0%

-2.0%

-2.0%

2.0%

Gogo Share Price Analysis

Shares of Gogo were trading at $6.66 as of November 01. Over the last 52-week period, shares are down 35.36%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analysts' Perspectives on Gogo

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Gogo.

With 3 analyst ratings, Gogo has a consensus rating of Neutral. The average one-year price ...