For the quarter ended December 2024, Gogo (GOGO) reported revenue of $137.8 million, up 40.9% over the same period last year. EPS came in at $0.07, compared to $0.11 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $98 million, representing a surprise of +40.62%. The company delivered an EPS surprise of +75.00%, with the consensus EPS estimate being $0.04.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Gogo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Aircraft online - Total ATG: 7,059 versus 6,972 estimated by two analysts on average.
• Units Sold - Business Aviation - ATG: 208 compared to the 183 average estimate based on two analysts.
• Average monthly connectivity service revenue per aircraft online - ATG: $3,500 versus the two-analyst average estimate of $3,509.78.
• Revenue- Service revenue: $118.81 million compared to the $81.02 million average estimate based on five analysts. The reported number represents a change of +46.9% year over year.
• Revenue- Equipment revenue: $18.99 million versus the five-analyst average estimate of $16.58 million. The reported number represents a year-over-year change of +12.3%.

View all Key Company Metrics for Gogo here>>>

Shares of Gogo have returned -19.4% over the past month versus the Zacks S&P 500 composite's -9.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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