Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Expected to Announce Quarterly Sales of $659.52 Million

Equities research analysts expect that Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating) will announce sales of $659.52 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Gol Linhas Aéreas Inteligentes’ earnings, with estimates ranging from $590.24 million to $718.71 million. Gol Linhas Aéreas Inteligentes reported sales of $194.13 million during the same quarter last year, which indicates a positive year-over-year growth rate of 239.7%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Gol Linhas Aéreas Inteligentes will report full year sales of $3.18 billion for the current fiscal year, with estimates ranging from $2.93 billion to $3.71 billion. For the next fiscal year, analysts expect that the business will post sales of $3.79 billion, with estimates ranging from $3.57 billion to $4.31 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Gol Linhas Aéreas Inteligentes.

Gol Linhas Aéreas Inteligentes (NYSE:GOLGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The transportation company reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.04. The firm had revenue of $616.19 million for the quarter, compared to analyst estimates of $603.20 million.

GOL has been the subject of several analyst reports. StockNews.com raised Gol Linhas Aéreas Inteligentes from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Barclays boosted their price objective on Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, February 23rd. Finally, Seaport Res Ptn raised Gol Linhas Aéreas Inteligentes from a “neutral” rating to a “buy” rating in a report on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.46.

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its stake in shares of Gol Linhas Aéreas Inteligentes by 2,556.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 6,881 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 6,622 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Gol Linhas Aéreas Inteligentes in the 3rd quarter valued at about $84,000. American Century Companies Inc. purchased a new position in shares of Gol Linhas Aéreas Inteligentes in the 1st quarter valued at about $87,000. Quantbot Technologies LP purchased a new position in shares of Gol Linhas Aéreas Inteligentes in the 1st quarter valued at about $113,000. Finally, Virtu Financial LLC purchased a new stake in Gol Linhas Aéreas Inteligentes during the 1st quarter worth approximately $117,000. Hedge funds and other institutional investors own 1.81% of the company’s stock.

Shares of GOL stock opened at $5.64 on Tuesday. The stock has a market cap of $1.12 billion, a PE ratio of -3.05 and a beta of 0.94. The business has a 50-day simple moving average of $6.35 and a 200-day simple moving average of $6.29. Gol Linhas Aéreas Inteligentes has a 52-week low of $4.78 and a 52-week high of $11.43.

About Gol Linhas Aéreas Inteligentes (Get Rating)

GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.

Featured Articles

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

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

Want More Great Investing Ideas?

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