Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Expected to Post Quarterly Sales of $644.77 Million

Brokerages predict that Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL – Get Rating) will post sales of $644.77 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Gol Linhas Aéreas Inteligentes’ earnings, with the highest sales estimate coming in at $718.71 million and the lowest estimate coming in at $545.99 million. Gol Linhas Aéreas Inteligentes reported sales of $194.13 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 232.1%. The company is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Gol Linhas Aéreas Inteligentes will report full-year sales of $3.16 billion for the current year, with estimates ranging from $2.64 billion to $3.71 billion. For the next financial year, analysts anticipate that the business will report sales of $3.76 billion, with estimates ranging from $3.30 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:GOL – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The transportation company reported ($0.63) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.04. The firm had revenue of $616.19 million for the quarter, compared to analysts’ expectations of $603.20 million.

Several brokerages recently issued reports on GOL. StockNews.com upgraded shares of Gol Linhas Aéreas Inteligentes from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Barclays raised their target price on shares of Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Wednesday, February 23rd. Finally, Seaport Res Ptn upgraded shares of Gol Linhas Aéreas Inteligentes from a “neutral” rating to a “buy” rating in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.46.

Shares of GOL stock opened at $5.73 on Tuesday. Gol Linhas Aéreas Inteligentes has a 12-month low of $4.78 and a 12-month high of $11.43. The firm’s 50 day moving average is $6.32 and its 200 day moving average is $6.30. The stock has a market capitalization of $1.14 billion, a P/E ratio of -3.10 and a beta of 0.93.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in Gol Linhas Aéreas Inteligentes by 207.1% in the first quarter. Goldman Sachs Group Inc. now owns 157,456 shares of the transportation company’s stock worth $1,134,000 after acquiring an additional 106,183 shares during the period. State Street Corp raised its position in shares of Gol Linhas Aéreas Inteligentes by 3.8% during the 1st quarter. State Street Corp now owns 64,556 shares of the transportation company’s stock valued at $465,000 after purchasing an additional 2,340 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Gol Linhas Aéreas Inteligentes during the 1st quarter valued at $760,000. Vanguard Group Inc. raised its position in shares of Gol Linhas Aéreas Inteligentes by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 698,744 shares of the transportation company’s stock valued at $5,031,000 after purchasing an additional 8,670 shares during the period. Finally, Verde Servicos Internacionais S.A. raised its position in shares of Gol Linhas Aéreas Inteligentes by 1.2% during the 1st quarter. Verde Servicos Internacionais S.A. now owns 240,800 shares of the transportation company’s stock valued at $1,734,000 after purchasing an additional 2,831 shares during the period. Institutional investors and hedge funds own 1.81% of the company’s stock.

Gol Linhas Aéreas Inteligentes Company Profile (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.

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