Gol Linhas Aereas Inteligentes (NYSE:GOL) Updates FY 2020 Earnings Guidance

Gol Linhas Aereas Inteligentes (NYSE:GOL) updated its FY 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $1.20-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71. The company issued revenue guidance of $4.03-4.03 billion, compared to the consensus revenue estimate of $3.94 billion.Gol Linhas Aereas Inteligentes also updated its FY 2019 guidance to $0.80-0.95 EPS.

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

Shares of NYSE:GOL traded down $0.86 during trading on Friday, hitting $21.62. The company’s stock had a trading volume of 824,541 shares, compared to its average volume of 1,493,079. The company has a 50-day simple moving average of $19.21. Gol Linhas Aereas Inteligentes has a 12 month low of $4.43 and a 12 month high of $23.30. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -154.43 and a beta of -0.14.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last issued its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.24). The firm had revenue of $851.99 million for the quarter, compared to analysts’ expectations of $841.76 million. On average, analysts forecast that Gol Linhas Aereas Inteligentes will post 0.69 earnings per share for the current fiscal 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.

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