GOL Linhas Aereas Inteligentes Beats on Both Top and Bottom Lines

Seth Jayson, The Motley Fool
Updated

GOL Linhas Aereas Inteligentes (NYS: GOL) reported earnings on May 4. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), GOL Linhas Aereas Inteligentes beat expectations on revenue and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped to a loss.


Margins dropped across the board.

Revenue details
GOL Linhas Aereas Inteligentes tallied revenue of $1.19 billion. The five analysts polled by S&P Capital IQ hoped for revenue of $1.14 billion on the same basis. GAAP reported sales were 5.0% higher than the prior-year quarter's $1.13 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.09. The two earnings estimates compiled by S&P Capital IQ forecast -$0.21 per share. GAAP EPS were -$0.09 for Q1 compared to $0.07 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 15.6%, 380 basis points worse than the prior-year quarter. Operating margin was 0.3%, 400 basis points worse than the prior-year quarter. Net margin was -1.9%, 360 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $966.6 million. On the bottom line, the average EPS estimate is -$0.31.

Next year's average estimate for revenue is $4.56 billion. The average EPS estimate is -$0.21.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 342 members out of 382 rating the stock outperform, and 40 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give GOL Linhas Aereas Inteligentes a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GOL Linhas Aereas Inteligentes is hold, with an average price target of $8.96.

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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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