For the quarter ended June 2023, Gogo (GOGO - Free Report) reported revenue of $103.22 million, up 5.5% over the same period last year. EPS came in at $0.20, compared to $0.17 in the year-ago quarter.
The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $103.25 million. With the consensus EPS estimate being $0.13, the EPS surprise was +53.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gogo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Aircraft online - ATG: 7064 versus 7196.62 estimated by six analysts on average.
- Aircraft Online, Satellite: 4433 versus 4404.04 estimated by six analysts on average.
- Average monthly service revenue per aircraft online - ATG: $3,371 versus the five-analyst average estimate of $3,446.50.
- Average monthly service revenue per aircraft online - Satellite: $292 versus the five-analyst average estimate of $282.59.
- Units Sold - Business Aviation - Satellite: 43 compared to the 44.21 average estimate based on three analysts.
- Units Sold - Business Aviation - ATG: 277 versus 276.5 estimated by three analysts on average.
- Average equipment revenue per unit sold - Satellite: $50 versus $59.42 estimated by three analysts on average.
- Average Equipment revenue per unit sold - ATG: $73 versus the three-analyst average estimate of $71.33.
- Service revenue: $79.06 million compared to the $80.61 million average estimate based on seven analysts.
- Equipment revenue: $24.16 million versus the seven-analyst average estimate of $22.65 million.
View all Key Company Metrics for Gogo here>>>Shares of Gogo have returned -8.5% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended June 2023, Gogo (GOGO - Free Report) reported revenue of $103.22 million, up 5.5% over the same period last year. EPS came in at $0.20, compared to $0.17 in the year-ago quarter.
The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $103.25 million. With the consensus EPS estimate being $0.13, the EPS surprise was +53.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gogo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Aircraft online - ATG: 7064 versus 7196.62 estimated by six analysts on average.
- Aircraft Online, Satellite: 4433 versus 4404.04 estimated by six analysts on average.
- Average monthly service revenue per aircraft online - ATG: $3,371 versus the five-analyst average estimate of $3,446.50.
- Average monthly service revenue per aircraft online - Satellite: $292 versus the five-analyst average estimate of $282.59.
- Units Sold - Business Aviation - Satellite: 43 compared to the 44.21 average estimate based on three analysts.
- Units Sold - Business Aviation - ATG: 277 versus 276.5 estimated by three analysts on average.
- Average equipment revenue per unit sold - Satellite: $50 versus $59.42 estimated by three analysts on average.
- Average Equipment revenue per unit sold - ATG: $73 versus the three-analyst average estimate of $71.33.
- Service revenue: $79.06 million compared to the $80.61 million average estimate based on seven analysts.
- Equipment revenue: $24.16 million versus the seven-analyst average estimate of $22.65 million.
View all Key Company Metrics for Gogo here>>>Shares of Gogo have returned -8.5% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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