Gol Linhas Aereas Inteligentes SA (GOL) Expected to Announce Earnings of -$0.27 Per Share

Wall Street brokerages predict that Gol Linhas Aereas Inteligentes SA (NYSE:GOL) will report ($0.27) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Gol Linhas Aereas Inteligentes’ earnings. The highest EPS estimate is ($0.26) and the lowest is ($0.27). Gol Linhas Aereas Inteligentes reported earnings per share of ($0.85) during the same quarter last year, which suggests a positive year-over-year growth rate of 68.2%. The business is expected to issue its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Gol Linhas Aereas Inteligentes will report full year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from ($0.12) to $0.48. For the next year, analysts anticipate that the company will report earnings of $0.58 per share, with EPS estimates ranging from $0.44 to $0.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Gol Linhas Aereas Inteligentes.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last issued its earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.18). Gol Linhas Aereas Inteligentes had a negative return on equity of 4.28% and a negative net margin of 6.53%. The business had revenue of $656.02 million during the quarter.

GOL has been the subject of a number of recent analyst reports. ValuEngine lowered Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. Citigroup raised Gol Linhas Aereas Inteligentes from a “sell” rating to a “neutral” rating and set a $9.00 target price for the company in a research report on Wednesday, May 23rd. They noted that the move was a valuation call. Buckingham Research decreased their target price on Gol Linhas Aereas Inteligentes from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, June 13th. Finally, Goldman Sachs Group initiated coverage on Gol Linhas Aereas Inteligentes in a research report on Monday, July 16th. They issued a “neutral” rating and a $6.02 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Gol Linhas Aereas Inteligentes currently has a consensus rating of “Hold” and a consensus target price of $10.26.

Large investors have recently modified their holdings of the business. Millennium Management LLC increased its position in shares of Gol Linhas Aereas Inteligentes by 138.3% during the 1st quarter. Millennium Management LLC now owns 610,939 shares of the transportation company’s stock valued at $7,936,000 after purchasing an additional 354,588 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Gol Linhas Aereas Inteligentes during the 4th quarter valued at about $4,096,000. Jane Street Group LLC purchased a new stake in shares of Gol Linhas Aereas Inteligentes during the 4th quarter valued at about $189,000. Deutsche Bank AG increased its position in shares of Gol Linhas Aereas Inteligentes by 137.3% during the 4th quarter. Deutsche Bank AG now owns 269,806 shares of the transportation company’s stock valued at $2,363,000 after purchasing an additional 156,115 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Gol Linhas Aereas Inteligentes by 87.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,945 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 9,329 shares during the last quarter. 0.58% of the stock is owned by institutional investors and hedge funds.

NYSE:GOL traded up $0.13 during mid-day trading on Monday, reaching $5.25. The company’s stock had a trading volume of 797,500 shares, compared to its average volume of 559,066. Gol Linhas Aereas Inteligentes has a 12-month low of $5.03 and a 12-month high of $14.48. The company has a debt-to-equity ratio of -1.54, a quick ratio of 0.45 and a current ratio of 0.48. The firm has a market cap of $888.32 million, a price-to-earnings ratio of 19.44 and a beta of 2.03.

About Gol Linhas Aereas Inteligentes

GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and Latin America. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers logistics services. In addition, the company offers Smiles loyalty programs with approximately 13.7 million members, allowing clients to accumulate and redeem miles.

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