$402.49 Million in Sales Expected for Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) This Quarter


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Analysts predict that Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) will report sales of $402.49 million for the current quarter, according to Zacks. Three analysts have made estimates for Gol Linhas Aéreas Inteligentes’ earnings, with the highest sales estimate coming in at $406.57 million and the lowest estimate coming in at $397.21 million. Gol Linhas Aéreas Inteligentes reported sales of $924.27 million in the same quarter last year, which indicates a negative year-over-year growth rate of 56.5%. The company is scheduled to issue its next earnings report on Thursday, February 18th.

On average, analysts expect that Gol Linhas Aéreas Inteligentes will report full year sales of $1.25 billion for the current fiscal year, with estimates ranging from $1.20 billion to $1.29 billion. For the next financial year, analysts anticipate that the company will post sales of $2.11 billion, with estimates ranging from $2.02 billion to $2.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Gol Linhas Aéreas Inteligentes.

Gol Linhas Aéreas Inteligentes (NYSE:GOL) last released its quarterly earnings results on Wednesday, November 4th. The transportation company reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.80) by ($0.11). Gol Linhas Aéreas Inteligentes had a negative return on equity of 2.17% and a negative net margin of 59.66%. The company had revenue of $181.41 million for the quarter, compared to analysts’ expectations of $187.99 million.

A number of equities analysts recently issued reports on the company. Santander lowered Gol Linhas Aéreas Inteligentes from a “buy” rating to a “hold” rating in a report on Monday, December 21st. Deutsche Bank Aktiengesellschaft raised their price target on Gol Linhas Aéreas Inteligentes from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday. BidaskClub lowered Gol Linhas Aéreas Inteligentes from a “hold” rating to a “sell” rating in a report on Saturday, January 9th. ValuEngine raised Gol Linhas Aéreas Inteligentes from a “buy” rating to a “strong-buy” rating in a report on Monday, November 2nd. Finally, Raymond James lowered Gol Linhas Aéreas Inteligentes from an “outperform” rating to a “market perform” rating in a report on Thursday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Gol Linhas Aéreas Inteligentes currently has a consensus rating of “Hold” and an average target price of $11.22.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Gol Linhas Aéreas Inteligentes by 39.5% during the 3rd quarter. Morgan Stanley now owns 1,115,814 shares of the transportation company’s stock valued at $6,806,000 after acquiring an additional 316,193 shares during the period. AMS Capital Ltda lifted its position in shares of Gol Linhas Aéreas Inteligentes by 122.5% during the 3rd quarter. AMS Capital Ltda now owns 799,974 shares of the transportation company’s stock valued at $4,880,000 after acquiring an additional 440,493 shares during the period. SG Americas Securities LLC lifted its position in shares of Gol Linhas Aéreas Inteligentes by 58.5% during the 3rd quarter. SG Americas Securities LLC now owns 338,817 shares of the transportation company’s stock valued at $2,067,000 after acquiring an additional 125,000 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Gol Linhas Aéreas Inteligentes by 628.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 183,586 shares of the transportation company’s stock valued at $1,120,000 after acquiring an additional 158,386 shares during the period. Finally, Investment House LLC acquired a new stake in shares of Gol Linhas Aéreas Inteligentes during the 4th quarter valued at approximately $1,393,000. Institutional investors own 0.55% of the company’s stock.

NYSE GOL opened at $8.70 on Thursday. Gol Linhas Aéreas Inteligentes has a 52-week low of $1.85 and a 52-week high of $18.73. The business’s 50-day moving average price is $9.63 and its 200 day moving average price is $7.67. The firm has a market cap of $1.55 billion, a P/E ratio of -1.38 and a beta of 1.28.

Gol Linhas Aéreas Inteligentes Company Profile

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil, 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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