Will stock surge before Earnings results? Global Eagle Entertainment Inc (NASDAQ:ENT)

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Earnings results for Global Eagle Entertainment Inc (NASDAQ:ENT)

Global Eagle Entertainment last issued its quarterly earnings results on March 19th, 2020. The reported ($9.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($8.50) by $1.25. The company had revenue of $162.90 million for the quarter, compared to analysts’ expectations of $165.46 million. Global Eagle Entertainment has generated ($41.50) earnings per share over the last year. Global Eagle Entertainment has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, June 2nd, 2020 based off prior year’s report dates.

Analyst Opinion on Global Eagle Entertainment Inc (NASDAQ:ENT)

2 Wall Street analysts have issued ratings and price targets for Global Eagle Entertainment in the last 12 months. Their average twelve-month price target is $37.50, suggesting that the stock has a possible upside of 1,636.11%. The high price target for ENT is $37.50 and the low price target for ENT is $37.50. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Global Eagle Entertainment has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $37.50, Global Eagle Entertainment has a potential upside of 1,636.1% from its current price of $2.16. Global Eagle Entertainment has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Global Eagle Entertainment Inc (NASDAQ:ENT)

Global Eagle Entertainment does not currently pay a dividend. Global Eagle Entertainment does not have a long track record of dividend growth.

Insiders buying/selling: Global Eagle Entertainment Inc (NASDAQ:ENT)

In the past three months, Global Eagle Entertainment insiders have not sold or bought any company stock. Only 12.10% of the stock of Global Eagle Entertainment is held by insiders.

Earnings and Valuation of Global Eagle Entertainment Inc (NASDAQ:ENT

Earnings for Global Eagle Entertainment are expected to grow in the coming year, from ($40.75) to $0.00 per share. The P/E ratio of Global Eagle Entertainment is -0.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Global Eagle Entertainment is -0.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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