Gogo Inc. (NASDAQ:GOGO) is expected to report third quarter earnings results, before market open, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.77 per share.
Looking ahead, the full year loss are expected at $ 3.63 per share on the revenues of $ 531.80 million.
Previous Quarter Performance
Gogo Inc. reported loss for the second quarter of $ 1.04 per share, from the revenue of $ 96.64 million. The quarterly revenues down 51.87 percent compared with the same quarter last year. Street analysts expected Gogo Inc. to report loss of $ 0.88 per share on revenue of $ 90.34 million for the second quarter. The bottom line results missed street analysts by $ 0.16 or 18.18 percent, at the same time, top line results outshined analysts by $ 6.30 million or 6.97 percent.
Stock Performance
On Friday, shares of Gogo Inc. has traded high as $ 9.36 and has cracked $ 8.71 on the downward trend, reaching $ 8.73 with volume of 1.29 million shares.
According to the previous trading day, closing price of $ 8.73, representing a 592.48 % increase from the 52 week low of $ 1.33 and a 23.06 % decrease over the 52 week high of $ 11.97.
The company has a market capital of $ 742.61 million and is part of the Communication Services sector and Telecom Services industry.
Recent Analyst recommendations
- On 9th September 2020, downgraded by Cowen to Market Perform from Outperform rating, with $ 10.00 target price.
Conference Call
Gogo Inc. will be hosting a conference call at 8:30 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gogoair.com
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). The CA-NA segment offers inflight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America.
