William Blair Has Negative Forecast for Gogo FY2026 Earnings

Gogo Inc. (NASDAQ:GOGO) – Analysts at William Blair lowered their FY2026 earnings per share estimates for Gogo in a research report issued to clients and investors on Thursday, November 6th. William Blair analyst L. Dipalma now expects that the technology company will post earnings per share of $0.58 for the year, down from their previous estimate of $0.59. The consensus estimate for Gogo’s current full-year earnings is $0.41 per share.

GOGO has been the topic of a number of other reports. Wall Street Zen lowered shares of Gogo from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley began coverage on shares of Gogo in a research note on Thursday, August 14th. They set an “equal weight” rating and a $15.00 price target for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gogo in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.83.

Gogo Trading Up 0.4%

GOGO opened at $7.64 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.74 and a debt-to-equity ratio of 7.79. Gogo has a 52 week low of $6.20 and a 52 week high of $16.82. The business’s 50 day moving average is $9.27 and its two-hundred day moving average is $11.46. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -152.80 and a beta of 1.04.

Gogo (NASDAQ:GOGO) last posted its earnings results on Thursday, November 6th. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). The firm had revenue of $223.59 million for the quarter, compared to analyst estimates of $222.23 million. Gogo had a positive return on equity of 71.74% and a negative net margin of 0.65%.The firm’s revenue for the quarter was up 122.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. Gogo has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Gogo

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Gogo by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,651,058 shares of the technology company’s stock worth $57,133,000 after buying an additional 396,236 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Gogo by 124.8% during the second quarter. William Blair Investment Management LLC now owns 5,673,833 shares of the technology company’s stock worth $83,292,000 after purchasing an additional 3,149,585 shares in the last quarter. Nantahala Capital Management LLC lifted its position in Gogo by 38.5% in the first quarter. Nantahala Capital Management LLC now owns 3,564,797 shares of the technology company’s stock valued at $30,729,000 after purchasing an additional 990,155 shares during the period. LB Partners LLC boosted its holdings in Gogo by 30.0% in the 3rd quarter. LB Partners LLC now owns 3,228,979 shares of the technology company’s stock valued at $27,737,000 after purchasing an additional 745,000 shares in the last quarter. Finally, Tenzing Global Management LLC increased its position in Gogo by 31.3% during the 1st quarter. Tenzing Global Management LLC now owns 2,725,000 shares of the technology company’s stock worth $23,490,000 after purchasing an additional 650,000 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

Gogo Company Profile

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.