Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.20-$0.20 for the period, compared to the consensus estimate of $0.03. The company issued revenue guidance of $3.75 billion-$3.75 billion, compared to the consensus revenue estimate of $3.82 billion.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOL. Barclays dropped their price objective on Gol Linhas Aéreas Inteligentes from $4.00 to $3.50 in a report on Thursday. Bank of America initiated coverage on Gol Linhas Aéreas Inteligentes in a report on Wednesday, March 15th. They issued an underperform rating on the stock. UBS Group upgraded shares of Gol Linhas Aéreas Inteligentes from a sell rating to a neutral rating in a research report on Monday, March 20th. The Goldman Sachs Group dropped their target price on shares of Gol Linhas Aéreas Inteligentes from $5.60 to $4.80 and set a buy rating on the stock in a research report on Wednesday, April 5th. Finally, StockNews.com upgraded shares of Gol Linhas Aéreas Inteligentes from a hold rating to a buy rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $4.77.

Gol Linhas Aéreas Inteligentes Stock Performance

Shares of NYSE:GOL traded up $0.25 during trading on Friday, reaching $2.68. The stock had a trading volume of 1,734,877 shares, compared to its average volume of 1,028,244. The business has a fifty day moving average price of $2.53 and a 200-day moving average price of $2.87. Gol Linhas Aéreas Inteligentes has a 1-year low of $2.00 and a 1-year high of $6.59.

Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The transportation company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.16). The firm had revenue of $898.21 million during the quarter, compared to analysts' expectations of $915.56 million. As a group, equities research analysts expect that Gol Linhas Aéreas Inteligentes will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gol Linhas Aéreas Inteligentes

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Gol Linhas Aéreas Inteligentes during the fourth quarter worth about $50,000. Jefferies Financial Group Inc. acquired a new position in Gol Linhas Aéreas Inteligentes during the fourth quarter worth $474,000. Credit Suisse AG boosted its stake in Gol Linhas Aéreas Inteligentes by 90.8% during the fourth quarter. Credit Suisse AG now owns 200,000 shares of the transportation company's stock worth $534,000 after buying an additional 95,184 shares during the last quarter. Bank of America Corp DE boosted its stake in Gol Linhas Aéreas Inteligentes by 17.6% during the fourth quarter. Bank of America Corp DE now owns 746,833 shares of the transportation company's stock worth $1,994,000 after buying an additional 111,543 shares during the last quarter. Finally, Creative Planning acquired a new position in Gol Linhas Aéreas Inteligentes during the fourth quarter worth $33,000. 0.81% of the stock is currently owned by institutional investors and hedge funds.

About Gol Linhas Aéreas Inteligentes

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GOL Linhas Aereas Inteligentes SA engages in the provision of air transportation for passengers and cargo. It operates its business through the Air Transportation and Loyalty Program segments. The Air Transportation segment includes services for regular and non-scheduled national and international passengers, cargo, and mail bags.

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