Roth Capital Has Negative Forecast for Gogo Q1 Earnings

by · The Cerbat Gem

Gogo Inc. (NASDAQ:GOGO – Free Report) – Research analysts at Roth Capital lowered their Q1 2025 EPS estimates for Gogo in a report released on Sunday, March 16th. Roth Capital analyst S. Searle now expects that the technology company will post earnings per share of $0.03 for the quarter, down from their previous 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.

GOGO has been the subject of several other reports. StockNews.com downgraded Gogo from a “hold” rating to a “sell” rating in a report on Monday. Roth Mkm reduced their target price on Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a report on Monday.

Read Our Latest Stock Report on GOGO

Gogo Stock Performance

Shares of Gogo stock opened at $6.47 on Tuesday. The firm has a market capitalization of $813.79 million, a P/E 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. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. The firm’s 50 day moving average is $7.75 and its two-hundred day moving average is $7.56.

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

Hedge Funds Weigh In On Gogo

Several hedge funds and other institutional investors have recently bought and sold shares of GOGO. FMR LLC raised its position in shares of Gogo by 138.4% in the 4th quarter. FMR LLC now owns 13,475,009 shares of the technology company’s stock valued at $109,013,000 after purchasing an additional 7,821,973 shares in the last quarter. Nantahala Capital Management LLC grew its stake in Gogo by 441.5% during the 4th quarter. Nantahala Capital Management LLC now owns 2,574,642 shares of the technology company’s stock worth $20,829,000 after buying an additional 2,099,145 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in Gogo during the 4th quarter worth $14,147,000. Tenzing Global Management LLC grew its stake in Gogo by 59.6% during the 4th quarter. Tenzing Global Management LLC now owns 2,075,000 shares of the technology company’s stock worth $16,787,000 after buying an additional 775,000 shares during the last quarter. Finally, Capco Asset Management LLC lifted its holdings in Gogo by 22.1% in the fourth quarter. Capco Asset Management LLC now owns 3,009,743 shares of the technology company’s stock worth $24,349,000 after purchasing an additional 544,178 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

About Gogo

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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.

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