Why Gogo (GOGO) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Gogo (GOGO) is positioned well to continue its trend of beating earnings estimates in the upcoming quarterly report, supported by a strong history of performance in this regard [1]. Earnings Performance - Gogo has consistently surpassed earnings estimates, achieving an average beat of 107.50% over the last two quarters [2]. - In the most recent quarter, Gogo reported earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, resulting in a surprise of 75% [3]. - In the previous quarter, Gogo's earnings were $0.12 per share against an expected $0.05 per share, delivering a surprise of 140% [3]. Earnings Estimates and Predictions - Recent estimates for Gogo have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [6]. - The Zacks Earnings ESP for Gogo is currently +13.33%, reflecting increased analyst optimism regarding its near-term earnings potential [9]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [7]. Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [8]. - A negative Earnings ESP can diminish predictive power but does not necessarily indicate an earnings miss [9].