$152.91 Million in Sales Expected for Gol Linhas Aereas Inteligentes SA (NYSE:GOL) This Quarter

Equities analysts expect that Gol Linhas Aereas Inteligentes SA (NYSE:GOL) will post $152.91 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Gol Linhas Aereas Inteligentes’ earnings. The lowest sales estimate is $130.41 million and the highest is $175.41 million. Gol Linhas Aereas Inteligentes posted sales of $801.10 million during the same quarter last year, which suggests a negative year-over-year growth rate of 80.9%. The business is expected to report its next earnings results on Thursday, August 6th.

On average, analysts expect that Gol Linhas Aereas Inteligentes will report full-year sales of $1.51 billion for the current year, with estimates ranging from $1.34 billion to $1.75 billion. For the next financial year, analysts forecast that the business will report sales of $2.07 billion, with estimates ranging from $1.84 billion to $2.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Gol Linhas Aereas Inteligentes.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings data on Monday, May 4th. The transportation company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.10. Gol Linhas Aereas Inteligentes had a negative return on equity of 10.77% and a negative net margin of 16.07%. The firm had revenue of $710.87 million during the quarter.

Several research firms recently commented on GOL. Deutsche Bank downgraded Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $23.00 to $5.00 in a research note on Tuesday, March 17th. ValuEngine raised Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Goldman Sachs Group downgraded Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 8th. Bank of America assumed coverage on Gol Linhas Aereas Inteligentes in a research note on Thursday, May 28th. They issued a “neutral” rating for the company. Finally, Morgan Stanley downgraded Gol Linhas Aereas Inteligentes from an “overweight” rating to an “equal weight” rating and set a $5.30 target price for the company. in a research note on Friday, April 24th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.02.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Contrarian Capital Management L.L.C. grew its holdings in shares of Gol Linhas Aereas Inteligentes by 9.4% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 6,980,858 shares of the transportation company’s stock worth $126,144,000 after purchasing an additional 602,168 shares during the period. Morgan Stanley boosted its holdings in Gol Linhas Aereas Inteligentes by 25.0% during the 1st quarter. Morgan Stanley now owns 1,028,775 shares of the transportation company’s stock valued at $4,393,000 after acquiring an additional 205,641 shares during the period. Evolution Wealth Advisors LLC purchased a new position in Gol Linhas Aereas Inteligentes during the 1st quarter valued at about $3,683,000. U S Global Investors Inc. boosted its holdings in Gol Linhas Aereas Inteligentes by 2,530.4% during the 1st quarter. U S Global Investors Inc. now owns 777,657 shares of the transportation company’s stock valued at $3,321,000 after acquiring an additional 748,093 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Gol Linhas Aereas Inteligentes by 185.3% during the 4th quarter. Bank of America Corp DE now owns 644,974 shares of the transportation company’s stock valued at $11,655,000 after acquiring an additional 418,880 shares during the period. Institutional investors and hedge funds own 2.70% of the company’s stock.

NYSE GOL traded up $0.22 during mid-day trading on Monday, hitting $6.92. The stock had a trading volume of 1,666,307 shares, compared to its average volume of 2,133,594. The firm’s 50 day moving average is $5.68 and its 200 day moving average is $10.24. Gol Linhas Aereas Inteligentes has a twelve month low of $1.85 and a twelve month high of $23.30. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -2.21 and a beta of 0.97.

About Gol Linhas Aereas Inteligentes

GOL Linhas AĆ©reas 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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