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Gogo (GOGO) earnings: expect -14% revenue decline

1:35 pm ET, 08 May 2019

Gogo (GOGO) is announcing earnings on May 09 before market opening. We combed through analyst estimates to understand what the company revenue and earnings are predicted to look like.

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $198M, which implies a -14% growth rate year-over-year.

Earnings per share are expected to come in at $-0.52. If this materializes, EPS will decline -53% year-over-year.

How did the stock do last month?

Over the last month, Gogo (GOGO) returned +16.48%.

What do analysts say about the stock?

Gogo (GOGO) average analyst price target is -24.38% below its current price ($5.21).

For the latest price and information on Gogo, please visit Finstead and ask for "GOGO", "GOGO analysis" or "GOGO news".

Gogo Inc. (GOGO) Stock Guide

Updated at: 10:49 pm ET, 17 Sep 2020

Before we start: if you're looking for GOGO stock price, you can quickly find it out by visiting Finny and typing "GOGO quote". If you're looking for a quick scoop on GOGO stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "GOGO". You'll get all this info in one place. Or you can just type "GOGO news" to get the latest stock news.

Looking to buy or sell Gogo Inc. (GOGO)? Interested in getting the full scoop on GOGO, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this GOGO stock guide, we'll address key questions about GOGO, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are GOGO earnings?
2. What is GOGO stock forecast (i.e., prediction)?
3. GOGO buy or sell? What is GOGO Finny Score?
4. What are the reasons to buy GOGO? Why should I buy GOGO stock?
5. What are the reasons to sell GOGO? Why should I sell GOGO stock?
6. What are GOGO key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are GOGO earnings?

GOGO trailing 12-month earnings per share (EPS) is -$2.66.

Analyst Predictions

2. What is GOGO stock forecast (i.e., prediction)?

Based on GOGO analyst price targets, GOGO stock forecast is $6.33 (for a year from now). That means the average analyst price target for GOGO stock is $6.33. The prediction is based on 9 analyst estimates.

The low price target for GOGO is $4.00, while the high price target is $10.00.

GOGO analyst rating is Buy.

Analysis

3. GOGO buy or sell? What is GOGO Finny Score?

#{finnyScore:40}Our quantitative analysis shows 4 reasons to buy and 6 reasons to sell GOGO, resulting in Finny Score of 40.

4. What are the reasons to buy GOGO? Why should I buy GOGO stock?

Here are the reasons to buy GOGO stock:

5. What are the reasons to sell GOGO? Why should I sell GOGO stock?

Let's look at the reasons to sell GOGO stock (i.e., the bear case):

  • GOGO stock price ($10.12) is close to the 52-week high ($11.19). Perhaps now is a good time to sell? See GOGO price chart.
  • GOGO quarterly revenue growth was -54.80%, lower than the industry and sector average revenue growth (0.59% and 0.60%, respectively). See GOGO revenue growth chart.
  • GOGO profitability is declining. The YoY profit margin change was -3.73 percentage points. See GOGO profitability chart.
  • GOGO average analyst price target ($6.33) is below its current price ($10.12). See GOGO price target chart.
  • GOGO short share of float is 34.48%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See GOGO short share of float chart.
  • GOGO short interest (days to cover the shorts) ratio is 11.21. The stock garners more short interest than the average industry, sector or S&P 500 stock. See GOGO short interest ratio chart.

Key Stats

6. What are GOGO key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for GOGO:

Metrics GOGO
Price $8.26
Average Price Target / Upside $10.00 / 21.07%
Average Analyst Rating Hold
Forward Dividend Yield 0.00%
Industry Telecom Services
Sector Communication Services
Number of Employees 1,153
Market Cap $875.73M
Forward P/E Ratio -5.56
Price/Book Ratio 1.24
Revenue (TTM) $703.61M
YoY Quarterly Revenue Growth -54.80%
Profit Margin -30.70%

If you liked this analysis, check out Stock Guides for other stocks.

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