Gogo (GOGO) reported $97.95 million in sales for the quarter that ended in September 2023, a 7% decrease from the same time the previous year. EPS decreased to $0.16 from $0.15 in the same period last year.
The reported revenue is -5.10% unexpected when compared to the Zacks Consensus Estimate of $103.21 million. Despite the average EPS expectation of $0.13, the business surprised investors with an EPS of +23.08%.
When deciding what to do next, investors closely examine changes in sales and earnings year over year and how those changes stack up against Wall Street predictions. However, several important measures consistently provide a more realistic view of a company’s financial situation.
Given that these variables impact both top- and bottom-line performance, investors may more precisely anticipate a stock’s price performance by comparing them to figures from the previous year and analyst estimates.
Based on the criteria that Wall Street analysts watch and predict the most, here is how Gogo fared in the just released quarter:
Aircraft online: ATG: 7,150 as opposed to the six experts’ average expectation of 7,168.
The average monthly service revenue per aircraft online (ATG) is $3,373, which is lower than the average of $3,451.06 predicted by five experts.
In contrast to the average projection of $294.11 based on five analysts, the average monthly service income per aircraft online is $294 for satellite.
Aircraft Online, Satellite: 4,395 as opposed to the five experts’ average expectation of 4,413.
Units Sold – Business Aviation – Satellite: 40 as opposed to the three analysts’ average expectation of 47.
Sales of Business Aviation Units – ATG: 192 compared to the average expectation of 273 made by three analysts.
Satellite’s average equipment revenue per unit sold was $39 as opposed to the average forecast of $51.75 based on the opinions of three analysts.
In contrast to the average forecast of $72.67 based on three experts, the average equipment revenue per unit sold (ATG) was $77.
Service revenue: $79.55 million as opposed to the $80.74 million average expectation from seven analysts. The stated figure indicates a +5.7% change from the previous year.
Revenue from equipment: $18.40 million as opposed to the average forecast of seven experts of $22.49 million. The stated figure indicates a -38.8% annual decline from the previous year.
View Gogo’s complete set of key company metrics here.
Gogo’s shares have lost 10% of their value in the last month, while the Zacks S&P 500 composite has gained 1.5%. The stock presently has a Zacks Rank #3 (Hold), meaning that in the near future, it could perform similarly to the market as a whole.