Gol Linhas Aereas Inteligentes SA (NYSE:GOL) Expected to Post Earnings of $0.30 Per Share

Wall Street analysts expect that Gol Linhas Aereas Inteligentes SA (NYSE:GOL) will report $0.30 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gol Linhas Aereas Inteligentes’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.32. Gol Linhas Aereas Inteligentes posted earnings per share of $0.38 in the same quarter last year, which indicates a negative year over year growth rate of 21.1%. The company is expected to issue its next quarterly earnings results on Thursday, February 27th.

On average, analysts expect that Gol Linhas Aereas Inteligentes will report full-year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.55 to $0.91. For the next fiscal year, analysts anticipate that the company will post earnings of $1.70 per share, with EPS estimates ranging from $1.06 to $2.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Gol Linhas Aereas Inteligentes.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its earnings results on Thursday, October 31st. The transportation company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Gol Linhas Aereas Inteligentes had a negative return on equity of 10.24% and a net margin of 0.37%. The firm had revenue of $935.99 million during the quarter, compared to the consensus estimate of $938.42 million.

Several analysts recently weighed in on the company. Buckingham Research upgraded Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and increased their price target for the company from $19.00 to $24.00 in a report on Monday, October 28th. ValuEngine cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.95.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HBK Investments L P increased its stake in Gol Linhas Aereas Inteligentes by 59.9% in the 2nd quarter. HBK Investments L P now owns 165,405 shares of the transportation company’s stock worth $2,792,000 after buying an additional 61,965 shares during the period. Barclays PLC increased its stake in shares of Gol Linhas Aereas Inteligentes by 240.5% during the third quarter. Barclays PLC now owns 490,929 shares of the transportation company’s stock valued at $7,594,000 after buying an additional 346,729 shares during the period. Aperio Group LLC purchased a new stake in Gol Linhas Aereas Inteligentes in the second quarter worth about $83,000. Capital International Sarl grew its holdings in Gol Linhas Aereas Inteligentes by 34.3% during the 2nd quarter. Capital International Sarl now owns 172,700 shares of the transportation company’s stock worth $2,915,000 after acquiring an additional 44,100 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Gol Linhas Aereas Inteligentes by 130.5% in the 2nd quarter. Morgan Stanley now owns 691,375 shares of the transportation company’s stock worth $11,670,000 after purchasing an additional 391,389 shares during the period. 3.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:GOL traded down $0.24 during trading on Wednesday, hitting $16.29. The company had a trading volume of 921,900 shares, compared to its average volume of 1,038,548. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -116.36 and a beta of -0.18. The company has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $16.98. Gol Linhas Aereas Inteligentes has a one year low of $9.36 and a one year high of $23.30.

Gol Linhas Aereas Inteligentes Company Profile

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.

Further Reading: What are the benefits of momentum investing?

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

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

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