Gol Linhas Aereas Inteligentes (NYSE:GOL) Issues FY 2019 Earnings Guidance

Gol Linhas Aereas Inteligentes (NYSE:GOL) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.80-0.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.07. The company issued revenue guidance of $3.51-3.51 billion, compared to the consensus revenue estimate of $3.57 billion.Gol Linhas Aereas Inteligentes also updated its FY 2020 guidance to $1.20-1.50 EPS.

A number of analysts have recently issued reports on the company. ValuEngine upgraded Gol Linhas Aereas Inteligentes from a buy rating to a strong-buy rating in a research report on Saturday, May 4th. Morgan Stanley upgraded Gol Linhas Aereas Inteligentes from an equal weight rating to an overweight rating and lifted their price target for the company from $14.50 to $18.00 in a research report on Monday, June 10th. Goldman Sachs Group downgraded Gol Linhas Aereas Inteligentes from a buy rating to a neutral rating and set a $16.80 price target for the company. in a research report on Wednesday, July 3rd. Finally, Zacks Investment Research downgraded Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $14.56.

NYSE:GOL traded down $0.86 during mid-day trading on Friday, reaching $21.62. The stock had a trading volume of 824,541 shares, compared to its average volume of 1,493,079. The company has a 50 day moving average price of $19.21. The company has a market capitalization of $3.76 billion, a PE ratio of -154.43 and a beta of -0.14. Gol Linhas Aereas Inteligentes has a one year low of $4.43 and a one year high of $23.30.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last released its earnings results on Tuesday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.24). The company had revenue of $851.99 million during the quarter, compared to the consensus estimate of $841.76 million. Research analysts anticipate that Gol Linhas Aereas Inteligentes will post 0.69 EPS for the current year.

About Gol Linhas Aereas Inteligentes

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.

Recommended Story: Buy-Side Analysts

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.