Zacks: Brokerages Anticipate Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Will Post Earnings of -$1.05 Per Share

Analysts expect Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) to announce earnings per share of ($1.05) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Gol Linhas Aéreas Inteligentes’ earnings. The highest EPS estimate is ($0.62) and the lowest is ($1.90). Gol Linhas Aéreas Inteligentes posted earnings of ($0.91) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The company is expected to issue its next quarterly earnings results on Wednesday, November 3rd.

On average, analysts expect that Gol Linhas Aéreas Inteligentes will report full year earnings of ($3.19) per share for the current financial year, with EPS estimates ranging from ($3.64) to ($2.87). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.79) to $1.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Gol Linhas Aéreas Inteligentes.

Gol Linhas Aéreas Inteligentes (NYSE:GOL) last released its quarterly earnings data on Thursday, July 29th. The transportation company reported ($1.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.22) by $0.07. The company had revenue of $194.13 million during the quarter, compared to analysts’ expectations of $188.22 million.

Several research analysts recently weighed in on GOL shares. HSBC upped their target price on shares of Gol Linhas Aéreas Inteligentes from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, June 14th. Credit Suisse Group cut shares of Gol Linhas Aéreas Inteligentes from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 31st. Zacks Investment Research upgraded shares of Gol Linhas Aéreas Inteligentes from a “strong sell” rating to a “hold” rating and set a $6.75 price target on the stock in a research report on Monday, August 2nd. Finally, Bank of America downgraded shares of Gol Linhas Aéreas Inteligentes from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $9.10 to $8.10 in a research note on Monday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Gol Linhas Aéreas Inteligentes has an average rating of “Hold” and a consensus target price of $10.76.

NYSE GOL traded up $0.02 during mid-day trading on Thursday, reaching $7.60. The stock had a trading volume of 958,060 shares, compared to its average volume of 1,661,012. Gol Linhas Aéreas Inteligentes has a 1 year low of $5.36 and a 1 year high of $11.43. The stock has a market cap of $1.50 billion, a PE ratio of -2.06 and a beta of 1.04. The company has a fifty day moving average price of $7.71 and a 200 day moving average price of $8.46.

A number of institutional investors have recently bought and sold shares of GOL. Amundi Pioneer Asset Management Inc. bought a new position in Gol Linhas Aéreas Inteligentes in the 1st quarter worth $968,000. BNP Paribas Arbitrage SA boosted its stake in Gol Linhas Aéreas Inteligentes by 377.4% in the first quarter. BNP Paribas Arbitrage SA now owns 32,481 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 25,677 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Gol Linhas Aéreas Inteligentes by 0.8% in the first quarter. Northern Trust Corp now owns 665,804 shares of the transportation company’s stock worth $5,094,000 after buying an additional 5,277 shares during the last quarter. Van ECK Associates Corp increased its holdings in Gol Linhas Aéreas Inteligentes by 8.3% in the first quarter. Van ECK Associates Corp now owns 77,608 shares of the transportation company’s stock valued at $594,000 after buying an additional 5,980 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of Gol Linhas Aéreas Inteligentes by 238.4% in the first quarter. Citigroup Inc. now owns 8,466 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 5,964 shares during the period. 2.12% of the stock is currently owned by institutional investors and hedge funds.

Gol Linhas Aéreas Inteligentes Company Profile

GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation for passengers and cargo throughout Brazil and across Latin America. It operates its business through the Air Transportation and Loyalty Program segments. The Air Transportation segment through GLA, for the provision of air passenger transportation services and the main revenue-generating assets are its aircraft.

Further Reading: What is the Beige Book?

Get a free copy of the Zacks research report on Gol Linhas Aéreas Inteligentes (GOL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Gol Linhas Aéreas Inteligentes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gol Linhas Aéreas Inteligentes and related companies with MarketBeat.com's FREE daily email newsletter.