Brokerages Expect Gaia Inc (NASDAQ:GAIA) Will Announce Quarterly Sales of $16.03 Million

Brokerages predict that Gaia Inc (NASDAQ:GAIA) will report $16.03 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gaia’s earnings. The highest sales estimate is $16.59 million and the lowest is $15.47 million. Gaia reported sales of $13.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.8%. The firm is scheduled to announce its next earnings report on Monday, August 3rd.

According to Zacks, analysts expect that Gaia will report full-year sales of $65.37 million for the current financial year, with estimates ranging from $64.23 million to $66.51 million. For the next year, analysts forecast that the company will report sales of $81.25 million, with estimates ranging from $80.39 million to $82.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Gaia.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, April 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.03). Gaia had a negative return on equity of 21.44% and a negative net margin of 26.78%. The firm had revenue of $14.51 million for the quarter, compared to analyst estimates of $15.06 million.

Several equities research analysts recently issued reports on GAIA shares. B. Riley reissued a “buy” rating and issued a $17.00 target price on shares of Gaia in a research report on Wednesday, June 10th. Roth Capital reissued a “buy” rating and issued a $13.00 target price on shares of Gaia in a research report on Wednesday, June 10th. Finally, Zacks Investment Research raised shares of Gaia from a “sell” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Gaia presently has an average rating of “Buy” and an average target price of $13.75.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Gaia by 3.3% during the first quarter. BlackRock Inc. now owns 877,833 shares of the company’s stock valued at $7,797,000 after purchasing an additional 28,304 shares during the period. State Street Corp raised its stake in shares of Gaia by 1.4% during the first quarter. State Street Corp now owns 181,172 shares of the company’s stock valued at $1,609,000 after purchasing an additional 2,537 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Gaia by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 41,258 shares of the company’s stock valued at $366,000 after purchasing an additional 1,343 shares during the period. Geode Capital Management LLC raised its stake in shares of Gaia by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 175,382 shares of the company’s stock valued at $1,401,000 after purchasing an additional 5,454 shares during the period. Finally, FMR LLC raised its stake in shares of Gaia by 1.7% during the fourth quarter. FMR LLC now owns 1,444,305 shares of the company’s stock valued at $11,540,000 after purchasing an additional 24,552 shares during the period. Institutional investors own 48.81% of the company’s stock.

GAIA opened at $8.29 on Wednesday. The company’s 50 day simple moving average is $8.34 and its 200 day simple moving average is $8.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.64 and a current ratio of 0.64. Gaia has a 1 year low of $4.70 and a 1 year high of $10.49. The stock has a market capitalization of $146.76 million, a PE ratio of -10.11 and a beta of 0.77.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

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