Gogo (NASDAQ:GOGO) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share 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.
GOGO has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered 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. Zacks Investment Research lowered Gogo from a buy rating to a hold rating in a research note on Wednesday, March 17th. William Blair upgraded Gogo from a market perform rating to an outperform rating in a research note on Sunday, April 4th. Morgan Stanley reiterated an equal weight rating and set a $13.00 price objective on shares of Gogo in a research note on Monday, March 1st. Finally, Cowen upgraded Gogo from a market perform rating to an outperform rating and boosted their price objective for the stock from $12.00 to $14.00 in a research note on Wednesday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $10.50.
Shares of NASDAQ:GOGO traded up $0.20 during trading on Tuesday, reaching $10.52. 90,677 shares of the company’s stock traded hands, compared to its average volume of 2,799,177. Gogo has a 12 month low of $1.33 and a 12 month high of $17.23. The company has a 50 day moving average of $10.37 and a 200-day moving average of $10.86. The stock has a market capitalization of $968.71 million, a P/E ratio of -3.08 and a beta of 1.48.
Gogo (NASDAQ:GOGO) last issued its quarterly earnings results on Thursday, March 11th. The technology company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). The firm had revenue of $77.60 million for the quarter, compared to the consensus estimate of $69.09 million. During the same period in the prior year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was down 64.9% on a year-over-year basis. On average, research analysts anticipate that Gogo will post -1.7 EPS for the current year.
Gogo Company Profile
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).
Further Reading: Dual Listing What You Need to Know
Receive News & Ratings for Gogo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo and related companies with MarketBeat.com's FREE daily email newsletter.