Gogo Inc (NASDAQ: GOGO) has reported earnings for its first fiscal quarter (ending March 31) of $0.24 versus $0.16 for the same period a year ago — an increase of 50%. Relative to the consensus estimate of $0.16, this was a premium of $0.08. For the latest four quarters through March 31, E.P.S. were $1.20 versus $0.72 for the same period a year ago — an increase of 67%.
Recent Price Action
Gogo Inc (NASDAQ: GOGO) stock enjoyed a very large increase of 6.3% on 5/7/24. The shares closed at $10.00. Moreover, exceptionally high trading volume at 285% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 7.0% during the last week.
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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Gogo has a neutral Appreciation Score of 42 but a very low Power Rating of 4, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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