Equities research analysts expect Global Eagle Entertainment Inc. (NASDAQ:ENT) to announce earnings per share (EPS) of ($0.13) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Global Eagle Entertainment’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.21). Global Eagle Entertainment posted earnings per share of ($0.49) during the same quarter last year, which indicates a positive year over year growth rate of 73.5%. The firm is scheduled to issue its next earnings results on Monday, August 14th.
According to Zacks, analysts expect that Global Eagle Entertainment will report full-year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.71) to ($0.07). For the next fiscal year, analysts expect that the firm will report earnings of ($0.18) per share, with EPS estimates ranging from ($0.52) to $0.17. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Global Eagle Entertainment.
Separately, BidaskClub raised shares of Global Eagle Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.50.
Shares of Global Eagle Entertainment (NASDAQ:ENT) opened at 3.16 on Tuesday. The firm has a 50-day moving average of $3.32 and a 200-day moving average of $3.91. The company’s market capitalization is $269.58 million. Global Eagle Entertainment has a one year low of $2.61 and a one year high of $9.73.
About Global Eagle Entertainment
Global Eagle Entertainment Inc is a provider of aircraft connectivity systems, operations solutions and media content to the travel industry. The Company’s segments include Connectivity and Content. Its Connectivity segment provides airline partners and their passengers with Wireless Fidelity (Wi-Fi) connectivity over Ku-band satellite transmissions, and to a lesser extent operations solutions to airline customers.
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