Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) is reporting third quarter earnings results on Wednesday 4th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.69 per share.
For the full year, analysts predict revenues of $ 1212.78 million, while looking forward to loss of $ 5.44 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -1.15 ~ $ -1.15 per share
Full Year 2020 topline are forecasted in a range of$ 3,542.00 million ~ $ 3,542.00 million, where as bottomline are predicted in a range of $ 1.25 ~ $ 1.50 per share
Click Here For More Historical Outlooks Of Gol Linhas Aereas Inteligentes S.A.
Previous Quarter Performance
Gol Linhas Aereas Inteligentes S.A. came out with loss for the second quarter of $ 2.08 per share, from the revenue of $ 66.66 million. The quarterly revenues fell 91.68 percent compared with the same quarter last year. Street analysts expected Gol Linhas Aereas Inteligentes S.A. to report loss of $ 0.89 per share on revenue of $ 132.97 million for the second quarter. The bottom line results missed street analysts by $ 1.19 or 133.71 percent, at the same time, top line results fell short of analysts by $ 66.31 million or 49.87 percent.
Stock Performance
Shares of Gol Linhas Aereas Inteligentes S.A. traded up $ 0.00 or 0.00 percent on Tuesday, reaching $ 5.44 with volume of 1.17 million shares. Gol Linhas Aereas Inteligentes S.A. has traded high as $ 5.70 and has cracked $ 5.37 on the downward trend
According to the previous trading day, closing price of $ 5.44, representing a 194.05 % increase from the 52 week low of $ 1.85 and a 70.96 % decrease over the 52 week high of $ 18.73.
The company has a market capital of $ 967.32 million and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Seaport Global Securities to Buy from Neutral rating.
- On 1st October 2020, upgraded by Goldman Sachs Group to Buy from Neutral rating.
- On 15th September 2020, initiated by Seaport Global Securities at Neutral rating.
- On 9th September 2020, upgraded by Deutsche Bank to Buy from Hold rating.
Conference Call
Gol Linhas Aereas Inteligentes S.A. will be hosting a conference call at 10:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.voegol.com.br
GOL Linhas Aéreas Inteligentes S.A. 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.
