Q4 2024 EPS Estimates for Gogo Inc. (NASDAQ:GOGO) Boosted by Roth Capital

Gogo Inc. (NASDAQ:GOGO) – Stock analysts at Roth Capital boosted their Q4 2024 earnings estimates for shares of Gogo in a research note issued on Monday, September 30th. Roth Capital analyst S. Searle now anticipates that the technology company will earn $0.10 per share for the quarter, up from their prior forecast of $0.05. The consensus estimate for Gogo’s current full-year earnings is $0.35 per share. Roth Capital also issued estimates for Gogo’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and Q4 2025 earnings at $0.20 EPS.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Gogo had a net margin of 16.59% and a return on equity of 145.01%. The business had revenue of $102.10 million for the quarter, compared to analysts’ expectations of $99.02 million. During the same quarter in the previous year, the firm earned $0.20 EPS. Gogo’s revenue was down 1.1% compared to the same quarter last year.

Several other research firms have also recently issued reports on GOGO. Roth Mkm restated a “buy” rating and issued a $15.50 target price on shares of Gogo in a research note on Tuesday, September 17th. Morgan Stanley dropped their target price on Gogo from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Gogo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th.

Gogo Trading Down 5.2 %

NASDAQ GOGO opened at $6.81 on Wednesday. The stock has a market cap of $865.59 million, a PE ratio of 5.82 and a beta of 1.11. Gogo has a 12 month low of $6.61 and a 12 month high of $12.01. The company’s 50-day moving average price is $7.77 and its 200-day moving average price is $8.81. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 11.25.

Institutional Investors Weigh In On Gogo

Several institutional investors have recently bought and sold shares of GOGO. Charles Schwab Investment Management Inc. lifted its holdings in shares of Gogo by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,592 shares of the technology company’s stock valued at $5,162,000 after purchasing an additional 1,735 shares during the last quarter. Tealwood Asset Management Inc. grew its position in Gogo by 95.6% during the first quarter. Tealwood Asset Management Inc. now owns 122,246 shares of the technology company’s stock valued at $1,073,000 after buying an additional 59,750 shares during the period. BNP Paribas Financial Markets increased its holdings in Gogo by 51.8% in the first quarter. BNP Paribas Financial Markets now owns 33,221 shares of the technology company’s stock valued at $292,000 after buying an additional 11,333 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Gogo during the 1st quarter worth about $736,000. Finally, LB Partners LLC grew its position in shares of Gogo by 31.0% during the 1st quarter. LB Partners LLC now owns 1,895,606 shares of the technology company’s stock valued at $16,643,000 after acquiring an additional 448,918 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.