Analysts expect that Gogo Inc (NASDAQ:GOGO) will announce sales of $224.32 million for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Gogo’s earnings. The highest sales estimate is $240.71 million and the lowest is $207.20 million. Gogo posted sales of $188.01 million in the same quarter last year, which would indicate a positive year over year growth rate of 19.3%. The business is expected to announce its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Gogo will report full year sales of $892.21 million for the current financial year, with estimates ranging from $883.70 million to $906.31 million. For the next financial year, analysts anticipate that the firm will post sales of $907.26 million, with estimates ranging from $885.39 million to $930.09 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Gogo.

Gogo (NASDAQ:GOGO) last issued its earnings results on Tuesday, November 6th. The technology company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.71) by $0.24. The firm had revenue of $217.26 million for the quarter, compared to analyst estimates of $212.01 million. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.57) EPS.

GOGO has been the subject of a number of analyst reports. Raymond James downgraded shares of Gogo from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research note on Tuesday, July 24th. ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Gogo from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. BidaskClub upgraded shares of Gogo from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, Northland Securities set a $2.00 price target on shares of Gogo and gave the company a “sell” rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.30.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Valinor Management L.P. lifted its position in Gogo by 33.7% in the third quarter. Valinor Management L.P. now owns 4,345,379 shares of the technology company’s stock valued at $22,552,000 after acquiring an additional 1,094,407 shares during the last quarter. Elk Creek Partners LLC lifted its position in Gogo by 77.0% in the third quarter. Elk Creek Partners LLC now owns 3,347,481 shares of the technology company’s stock valued at $17,373,000 after acquiring an additional 1,455,879 shares during the last quarter. Gabelli Funds LLC lifted its position in Gogo by 7.7% in the second quarter. Gabelli Funds LLC now owns 1,991,000 shares of the technology company’s stock valued at $9,676,000 after acquiring an additional 141,800 shares during the last quarter. Bank of America Corp DE lifted its position in Gogo by 4.3% in the second quarter. Bank of America Corp DE now owns 1,715,165 shares of the technology company’s stock valued at $8,336,000 after acquiring an additional 70,154 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Gogo by 14.0% in the third quarter. Gamco Investors INC. ET AL now owns 1,379,200 shares of the technology company’s stock valued at $7,158,000 after acquiring an additional 169,400 shares during the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

Shares of GOGO stock traded down $0.24 on Wednesday, reaching $4.76. 5,571,300 shares of the stock were exchanged, compared to its average volume of 1,704,040. The company has a market cap of $437.29 million, a P/E ratio of -2.19 and a beta of 0.82. Gogo has a twelve month low of $3.52 and a twelve month high of $11.75.

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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