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Gogo (GOGO) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-09 14:00
Core Insights - Gogo reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, and showing an increase from $0.16 per share a year ago, resulting in an earnings surprise of 260% [1] - The company achieved revenues of $230.31 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.38% and significantly up from $104.32 million year-over-year [2] Financial Performance - Over the last four quarters, Gogo has consistently surpassed consensus EPS estimates, achieving this four times [2] - The company has also topped consensus revenue estimates four times in the last four quarters [2] Stock Performance - Gogo shares have declined approximately 6.4% since the beginning of the year, compared to a decline of 3.7% for the S&P 500 [3] - The current Zacks Rank for Gogo is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $217.55 million, and for the current fiscal year, it is $0.37 on revenues of $889.42 million [7] - The outlook for the industry, specifically the Wireless National sector, is in the bottom 31% of Zacks industries, which may impact Gogo's stock performance [8]