Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Gogo (NASDAQ:GOGO) reported its Q2 earnings results on Friday, August 5, 2022.
Here's what investors need to know about the announcement.
Earnings
Gogo beat estimated earnings by 21.43%, reporting an EPS of $0.17 versus an estimate of $0.14.
Gogo (NASDAQ:GOGO) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.14 by 21.43 percent. This is a 41.67 percent increase over earnings of $0.12 per share from the same
Companies Reporting Before The Bell
• Reservoir Media (NASDAQ:RSVR) is projected to report quarterly loss at $0.05 per share on revenue of $18.19 million.
According to Benzinga Pro data Gogo (NASDAQ:GOGO) posted a 89.85% decrease in earnings from Q4. Sales, however, increased by 0.49% over the previous quarter to $92.75 million.
Gogo Business Aviation (NASDAQ: GOGO) today announced it will launch the first global broadband service in business aviation to use an electronically steered antenna (ESA) on a low earth orbit (LEO) satellite network.