Gol Linhas Aereas Inteligentes SA (NYSE:GOL) Expected to Post Earnings of $0.30 Per Share

Equities analysts predict that Gol Linhas Aereas Inteligentes SA (NYSE:GOL) will announce earnings of $0.30 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Gol Linhas Aereas Inteligentes’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.28. Gol Linhas Aereas Inteligentes posted earnings of $0.38 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.1%. The firm is expected to report its next quarterly earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Gol Linhas Aereas Inteligentes will report full-year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.91. For the next year, analysts anticipate that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.06 to $2.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Gol Linhas Aereas Inteligentes.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $935.99 million during the quarter, compared to the consensus estimate of $938.42 million. Gol Linhas Aereas Inteligentes had a net margin of 0.37% and a negative return on equity of 10.24%.

GOL has been the subject of a number of analyst reports. ValuEngine cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Buckingham Research upgraded shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $24.00 in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Gol Linhas Aereas Inteligentes presently has an average rating of “Hold” and an average price target of $17.95.

Shares of NYSE GOL traded down $0.24 during mid-day trading on Wednesday, reaching $16.29. 921,900 shares of the company’s stock traded hands, compared to its average volume of 1,038,548. The stock has a market cap of $2.89 billion, a P/E ratio of -116.36 and a beta of -0.18. The business has a 50-day simple moving average of $17.00 and a 200 day simple moving average of $16.98. Gol Linhas Aereas Inteligentes has a 1-year low of $9.36 and a 1-year high of $23.30.

Several hedge funds and other institutional investors have recently modified their holdings of GOL. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Gol Linhas Aereas Inteligentes by 12.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,405 shares of the transportation company’s stock worth $91,000 after buying an additional 610 shares during the last quarter. FDx Advisors Inc. raised its holdings in Gol Linhas Aereas Inteligentes by 5.6% in the 2nd quarter. FDx Advisors Inc. now owns 14,579 shares of the transportation company’s stock valued at $246,000 after acquiring an additional 776 shares during the period. Voya Financial Advisors Inc. raised its holdings in Gol Linhas Aereas Inteligentes by 6.5% in the 3rd quarter. Voya Financial Advisors Inc. now owns 15,237 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 925 shares during the period. Tower Research Capital LLC TRC raised its holdings in Gol Linhas Aereas Inteligentes by 46.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,649 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 1,782 shares during the period. Finally, Aperio Group LLC bought a new position in Gol Linhas Aereas Inteligentes in the 2nd quarter valued at about $83,000. Hedge funds and other institutional investors own 3.32% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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