Gogo Inc. (NASDAQ:GOGO) shares surged 7.00% in pre-market trading on Friday, as investors eagerly await the company's first-quarter earnings report scheduled for release before the opening bell. The in-flight broadband provider's stock movement reflects heightened market anticipation surrounding the upcoming financial results.

Analysts expect Gogo to report quarterly earnings of 8 cents per share, down from 16 cents per share in the same period last year. However, revenue is projected to surge to $214.44 million, more than doubling from $104.32 million a year earlier. This substantial revenue growth expectation may be contributing to the positive pre-market sentiment.

Recent analyst actions have been mixed, potentially influencing investor sentiment. Roth MKM analyst Scott Searle maintained a Buy rating on Gogo but lowered the price target from $15.5 to $13 in March. Meanwhile, Morgan Stanley and JP Morgan analysts have maintained Equal-Weight and Neutral ratings, respectively, with modest price target reductions. Despite these adjustments, the pre-market rally suggests investors are optimistic about Gogo's near-term prospects.

Adding to the company's recent developments, Gogo appointed Oakleigh Thorne as Executive Chairman last month, a move that may be seen as strengthening the company's leadership team. As Gogo continues to navigate the evolving in-flight connectivity market, investors will be keen to hear management's commentary on growth strategies and market positioning during the earnings call.