Gogo (GOGO) Q4 Earnings and Revenues Beat Estimates

Core Insights - Gogo reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.11 per share a year ago, representing a 75% earnings surprise [1] - The company achieved revenues of $137.8 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 40.62% and up from $97.81 million year-over-year [2] - Gogo has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Financial Performance - The earnings surprise of 75% and a previous quarter surprise of 140% highlight Gogo's ability to outperform expectations [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.09, with expected revenues of $101.68 million, while the fiscal year estimate is $0.54 on $450.62 million in revenues [7] Market Position - Gogo shares have underperformed the market, losing about 15.1% since the beginning of the year compared to the S&P 500's decline of 6.1% [3] - The Zacks Industry Rank places the Wireless National sector in the top 9% of over 250 Zacks industries, suggesting a favorable industry outlook [8] Future Outlook - The sustainability of Gogo's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The estimate revisions trend for Gogo is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]