Gogo (GOGO) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.1 per share a year ago.
In a recent market update, Goldman Sachs raised its year-end forecast for the S&P 500 (SPX) to 6,900 by year-end, up from a previous ceiling of 6,500, and flagged three stocks investors should have on their radar, including two index stalwarts and one off-the-beaten-path growth opportunity.
Gogo (GOGO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Gogo Inc. (GOGO) shares are flying high after the in-flight internet provider hit a new 52-week high, driven by its accelerated 5G rollout using GCT Semiconductor technology. George Tsilis jumps in to examine the company's 5G capabilities which are expected to boost top-line sales, with estimates doubling to $1.5B by 2027.
TMUS, VZ and GOGO are set to ride long-term gains from 5G momentum and rising demand for wireless connectivity.
I reiterate my strong buy on Gogo Inc. after Q1 2025, as the Satcom merger exceeded expectations and drove significant cost synergies. Gogo's unique position in light inflight connectivity and low market penetration offer substantial growth, especially with accelerating private jet demand among younger buyers. The Satcom merger expands Gogo's network, boosts revenue potential, and delivers $25-30 million in run-rate cost savings, improving margins and investor value.
Gogo (GOGO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
While the top- and bottom-line numbers for Gogo (GOGO) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Gogo (GOGO) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.16 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Gogo (GOGO), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
Gogo (GOGO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Gogo (GOGO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.