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

Analysts expect Gol Linhas Aereas Inteligentes SA (NYSE:GOL) to post $152.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gol Linhas Aereas Inteligentes’ earnings, with estimates ranging from $130.41 million to $175.41 million. Gol Linhas Aereas Inteligentes reported sales of $801.10 million in the same quarter last year, which would suggest a negative year over year growth rate of 80.9%. The company is scheduled to announce its next earnings report 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 anticipate that the business will post sales of $2.07 billion, with estimates ranging from $1.84 billion to $2.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Gol Linhas Aereas Inteligentes.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its earnings results on Monday, May 4th. The transportation company reported $0.20 earnings per share 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 company had revenue of $710.87 million for the quarter.

A number of research firms recently weighed in on GOL. Deutsche Bank downgraded Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $23.00 to $5.00 in a research report on Tuesday, March 17th. ValuEngine raised Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Bank of America began coverage on Gol Linhas Aereas Inteligentes in a report on Thursday, May 28th. They set a “neutral” rating on the stock. Morgan Stanley cut shares of 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. Finally, Goldman Sachs Group cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Gol Linhas Aereas Inteligentes presently has an average rating of “Hold” and a consensus price target of $14.02.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its position in Gol Linhas Aereas Inteligentes by 162.9% during the 1st quarter. State Street Corp now owns 39,180 shares of the transportation company’s stock worth $167,000 after buying an additional 24,278 shares in the last quarter. Morgan Stanley lifted its position 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 worth $4,393,000 after buying an additional 205,641 shares in the last quarter. Polygon Management Ltd. raised its holdings in shares of Gol Linhas Aereas Inteligentes by 63.5% in the 1st quarter. Polygon Management Ltd. now owns 123,900 shares of the transportation company’s stock valued at $529,000 after purchasing an additional 48,100 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Gol Linhas Aereas Inteligentes in the 1st quarter valued at about $430,000. Finally, CNH Partners LLC raised its holdings in shares of Gol Linhas Aereas Inteligentes by 252.8% in the 1st quarter. CNH Partners LLC now owns 301,042 shares of the transportation company’s stock valued at $1,285,000 after purchasing an additional 215,707 shares during the period. 2.70% of the stock is owned by hedge funds and other institutional investors.

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.

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