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

Gol Linhas Aereas Inteligentes (NYSE:GOL) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.80-0.95 for the period, compared to the Thomson Reuters consensus earnings per share 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 research analysts have recently commented on the stock. Morgan Stanley upgraded shares of Gol Linhas Aereas Inteligentes from an equal weight rating to an overweight rating and boosted their price target for the company from $14.50 to $18.00 in a research report on Monday, June 10th. Goldman Sachs Group downgraded shares of Gol Linhas Aereas Inteligentes from a buy rating to a neutral rating and set a $16.80 price objective for the company. in a report on Wednesday, July 3rd. Zacks Investment Research downgraded shares of Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a report on Monday, April 29th. Finally, ValuEngine raised shares of Gol Linhas Aereas Inteligentes from a buy rating to a strong-buy rating in a report on Saturday, May 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $14.56.

NYSE GOL opened at $21.62 on Friday. Gol Linhas Aereas Inteligentes has a 52-week low of $4.43 and a 52-week high of $23.30. The company has a market cap of $3.76 billion, a P/E ratio of -154.43 and a beta of -0.14. The stock’s fifty day moving average is $19.21.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). The firm had revenue of $851.99 million for the quarter, compared to the consensus estimate of $841.76 million. As a group, equities research analysts forecast that Gol Linhas Aereas Inteligentes will post 0.69 EPS for the current year.

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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