Gogo Inc (NASDAQ: GOGO) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.11 versus $0.22 for the same period a year ago — a decline of -50%. This performance was $-0.02 short of the consensus estimate of $0.13. For the latest four quarters through December 31, E.P.S. were $1.12 compared to $0.75 a year ago — an increase of 49%.
Recent Price Action
Gogo Inc (NASDAQ: GOGO) stock closed at $8.30 on 2/28/24 after a large decline of -5.1%. Moreover, exceptionally high trading volume at 242% of normal accompanied the decline. The stock has declined -10.8% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
GOGO is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Gogo is currently unrated.
Rating Review
The stock is currently unrated.
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