Gol Linhas Aereas Inteligentes SA (NYSE:GOL) Expected to Announce Quarterly Sales of $241.35 Million

Equities analysts predict that Gol Linhas Aereas Inteligentes SA (NYSE:GOL) will report sales of $241.35 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Gol Linhas Aereas Inteligentes’ earnings, with the lowest sales estimate coming in at $189.64 million and the highest estimate coming in at $303.58 million. Gol Linhas Aereas Inteligentes reported sales of $935.99 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 74.2%. The firm is expected to announce its next quarterly earnings results on Thursday, October 29th.

According to Zacks, analysts expect that Gol Linhas Aereas Inteligentes will report full year sales of $1.31 billion for the current fiscal year, with estimates ranging from $1.10 billion to $1.44 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.05 billion, with estimates ranging from $1.90 billion to $2.34 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Gol Linhas Aereas Inteligentes.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its earnings results on Friday, July 31st. The transportation company reported ($0.81) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.10) by $0.29. Gol Linhas Aereas Inteligentes had a negative net margin of 32.77% and a negative return on equity of 2.17%. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $152.91 million.

Several brokerages have issued reports on GOL. Seaport Global Securities began coverage on shares of Gol Linhas Aereas Inteligentes in a research note on Tuesday, September 15th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Gol Linhas Aereas Inteligentes from a “strong sell” rating to a “hold” rating and set a $7.00 price target on the stock in a report on Monday. Deutsche Bank upgraded shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Wednesday, September 9th. Raymond James upgraded shares of Gol Linhas Aereas Inteligentes from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Friday, September 4th. Finally, UBS Group cut shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “sell” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.38.

Large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. raised its position in Gol Linhas Aereas Inteligentes by 85.7% in the second quarter. Advisor Group Holdings Inc. now owns 7,015 shares of the transportation company’s stock worth $48,000 after purchasing an additional 3,238 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Gol Linhas Aereas Inteligentes during the first quarter worth about $45,000. Leap Investments LP bought a new stake in Gol Linhas Aereas Inteligentes during the second quarter worth about $85,000. Aigen Investment Management LP bought a new stake in Gol Linhas Aereas Inteligentes during the first quarter worth about $58,000. Finally, Verde Servicos Internacionais S.A. bought a new stake in Gol Linhas Aereas Inteligentes during the second quarter worth about $127,000. 0.96% of the stock is owned by hedge funds and other institutional investors.

NYSE:GOL traded down $0.21 during trading hours on Monday, hitting $6.24. 1,579,480 shares of the stock traded hands, compared to its average volume of 1,915,220. The firm has a 50 day moving average price of $7.00 and a 200 day moving average price of $5.93. Gol Linhas Aereas Inteligentes has a fifty-two week low of $1.85 and a fifty-two week high of $19.36. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -1.29 and a beta of 0.74.

About Gol Linhas Aereas Inteligentes

GOL Linhas Aéreas 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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