Earnings GrowthGogo delivered record fourth-quarter service revenue, showcasing a robust financial performance.
Market OutlookManagement's confidence in the sustained demand for private aviation suggests a stable and promising market for Gogo's services.
Product UsageData consumption per flight hour on Gogo's service has increased significantly, reflecting high customer engagement and satisfaction.
Bears Say
Competitive PressuresCompetitive pressures from LEO operators such as Starlink have weighed on the sector, potentially impacting the company's performance in maritime and commercial broadband.
Guidance RevisionShares have fallen significantly, driven by guidance revisions, indicating potential underlying issues in the company's financial health or market position.
Product Launch DelaysThe company's 5G product rollout has been delayed due to chip availability issues, posing risks to its competitive edge and market share.
What was Gogo’s price range in the past 12 months?
Gogo lowest stock price was €7.25 and its highest was €16.10 in the past 12 months.
What is Gogo’s market cap?
Currently, no data Available
When is Gogo’s upcoming earnings report date?
Gogo’s upcoming earnings report date is May 07, 2024 which is in 3 days.
How were Gogo’s earnings last quarter?
Gogo released its earnings results on Feb 28, 2024. The company reported €0.103 earnings per share for the quarter, beating the consensus estimate of €0.089 by €0.014.
What happened to Gogo’s price movement after its last earnings report?
Gogo reported an EPS of €0.103 in its last earnings report, beating expectations of €0.089. Following the earnings report the stock price went up 3.947%.
Which hedge fund is a major shareholder of Gogo?
Among the largest hedge funds holding Gogo’s share is SCP Investment, LP. It holds Gogo’s shares valued at 6M.
Gogo, Inc. engages in the provision of in-flight broadband connectivity and wireless entertainment services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded in 1991 and is headquartered in Chicago, IL.
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