Wall Street analysts forecast that Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) will announce sales of $402.49 million for the current quarter, according to Zacks. Three analysts have provided estimates for Gol Linhas Aéreas Inteligentes’ earnings, with estimates ranging from $397.21 million to $406.57 million. Gol Linhas Aéreas Inteligentes posted sales of $924.27 million in the same quarter last year, which would indicate a negative year over year growth rate of 56.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 18th.

On average, analysts expect that Gol Linhas Aéreas Inteligentes will report full-year sales of $1.25 billion for the current fiscal year, with estimates ranging from $1.20 billion to $1.29 billion. For the next financial year, analysts expect that the firm will post sales of $2.11 billion, with estimates ranging from $2.02 billion to $2.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Gol Linhas Aéreas Inteligentes.

Gol Linhas Aéreas Inteligentes (NYSE:GOL) last announced its quarterly earnings data on Wednesday, November 4th. The transportation company reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.80) by ($0.11). The firm had revenue of $181.41 million during the quarter, compared to analysts’ expectations of $187.99 million. Gol Linhas Aéreas Inteligentes had a negative return on equity of 2.17% and a negative net margin of 59.66%.

GOL has been the subject of a number of recent analyst reports. Santander lowered Gol Linhas Aéreas Inteligentes from a “buy” rating to a “hold” rating in a research note on Monday, December 21st. ValuEngine upgraded Gol Linhas Aéreas Inteligentes from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gol Linhas Aéreas Inteligentes from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday. Raymond James lowered shares of Gol Linhas Aéreas Inteligentes from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 10th. Finally, Zacks Investment Research upgraded shares of Gol Linhas Aéreas 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, September 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.22.

NYSE:GOL opened at $8.70 on Thursday. The business’s 50-day simple moving average is $9.63 and its two-hundred day simple moving average is $7.67. Gol Linhas Aéreas Inteligentes has a 52 week low of $1.85 and a 52 week high of $18.73. The stock has a market cap of $1.55 billion, a PE ratio of -1.38 and a beta of 1.28.

A number of institutional investors have recently added to or reduced their stakes in GOL. US Bancorp DE lifted its position in Gol Linhas Aéreas Inteligentes by 102.4% during the third quarter. US Bancorp DE now owns 4,712 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 2,384 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of Gol Linhas Aéreas Inteligentes by 85.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 7,015 shares of the transportation company’s stock valued at $48,000 after buying an additional 3,238 shares in the last quarter. State Street Corp bought a new position in shares of Gol Linhas Aéreas Inteligentes in the 3rd quarter valued at about $125,000. Trexquant Investment LP purchased a new position in Gol Linhas Aéreas Inteligentes in the third quarter worth about $181,000. Finally, Verde Servicos Internacionais S.A. bought a new stake in Gol Linhas Aéreas Inteligentes during the fourth quarter worth approximately $283,000. 0.55% of the stock is currently owned by institutional investors.

About Gol Linhas Aéreas Inteligentes

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil, 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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