Roth Capital Issues Pessimistic Forecast for Gogo Earnings

Gogo Inc. (NASDAQ:GOGO) – Equities researchers at Roth Capital decreased their Q1 2025 earnings per share estimates for Gogo in a report released on Sunday, March 16th. Roth Capital analyst S. Searle now anticipates that the technology company will earn $0.03 per share for the quarter, down from their prior forecast of $0.09. The consensus estimate for Gogo’s current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Gogo’s Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.11 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.20 EPS and FY2026 earnings at $0.73 EPS.

Several other research firms have also recently issued reports on GOGO. Roth Mkm decreased their price target on Gogo from $15.50 to $13.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com cut Gogo from a “hold” rating to a “sell” rating in a report on Monday.

Gogo Price Performance

Shares of GOGO stock opened at $6.47 on Tuesday. The stock’s fifty day moving average is $7.75 and its 200-day moving average is $7.56. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The stock has a market capitalization of $813.79 million, a PE ratio of 15.05 and a beta of 1.01. Gogo has a 52 week low of $6.17 and a 52 week high of $11.00.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $97.80 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The business’s revenue was up 40.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share.

Hedge Funds Weigh In On Gogo

Several hedge funds have recently added to or reduced their stakes in GOGO. Barclays PLC raised its position in shares of Gogo by 357.5% during the third quarter. Barclays PLC now owns 109,959 shares of the technology company’s stock worth $789,000 after purchasing an additional 85,925 shares during the period. Van ECK Associates Corp grew its stake in Gogo by 256.1% in the fourth quarter. Van ECK Associates Corp now owns 154,706 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 111,267 shares in the last quarter. State Street Corp grew its stake in Gogo by 2.1% in the third quarter. State Street Corp now owns 2,461,691 shares of the technology company’s stock valued at $17,675,000 after purchasing an additional 51,681 shares in the last quarter. FMR LLC grew its stake in Gogo by 13.5% in the third quarter. FMR LLC now owns 5,653,036 shares of the technology company’s stock valued at $40,589,000 after purchasing an additional 673,315 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Gogo by 612.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 253,114 shares of the technology company’s stock worth $1,817,000 after acquiring an additional 217,570 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.

Gogo Company Profile

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.