Gogo Inc (GOGO) Q1 Earnings: Is A Surprise In The Cards?
Zacks Investment Research | May 01, 2017 11:53PM ET
Gogo Inc. (NASDAQ:GOGO) is set to release its first-quarter 2017 earnings on May 4. We note that the company has delivered positive earnings surprises in each of the last four quarters resulting in an average positive surprise of 19.87%.
In the fourth quarter, the company reported a positive earnings surprise of 26.09%. Loss of 34 cents per share was narrower than the year-ago quarter loss of 43 cents. The narrower loss was primarily due to 16.1% year-over-year growth in revenues, which totaled $160 million. The figure also exceeded the Zacks Consensus Estimate of $153 million.
Gogo has installed 2Ku in more than 130 aircrafts. The company now plans to install 450 to 550 aircraft in 2017, which is higher than previous guidance of 350-450. This will further increase to 650–750 in 2018.
Gogo Inc. Price and EPS Surprise
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