* Gogo Inc reported quarterly adjusted earnings of 13 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of five analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 6 cents per share.
* Revenue rose 2.6% to $100.53 million from a year ago; analysts expected $97.30 million.
* Gogo Inc's reported EPS for the quarter was 8 cents.
* The company reported quarterly net income of $10.63 million.
* Gogo Inc shares had fallen by 8.8% this quarter and lost 35.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 13.6% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the wireless telecommunications services peer group is also "buy"
Wall Street's median 12-month price target for Gogo Inc is $15.50 This summary was machine generated from LSEG data November 6 at 04:50 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.05 0.13 Beat
Jun. 30 2024 0.07 0.01 Missed
Mar. 31 2024 0.07 0.23 Beat
Dec. 31 2023 0.10 0.11 Beat
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