Gogo Inc (NASDAQ: GOGO) has reported E.P.S. of $0.01 for its second fiscal quarter (ending June 30) versus $0.69 for the same period a year ago — a decline of -99%. Relative to the consensus estimate of $0.13, this was a shortfall of $-0.12. E.P.S. were $0.51 for the latest four quarters through June 30 versus $1.23 for the same period a year ago — a decline of -59%.
Recent Price Action
On 8/7/24, Gogo Inc (NASDAQ: GOGO) stock declined by -3.4%, closing at $7.77. Moreover, above average trading volume at 142% of normal accompanied the decline. The stock has declined -13.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GOGO is expected to continue to be a major Value Builder.
Gogo has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gogo has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 39, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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