GOL Linhas Aereas Inteligentes Beats on Both Top and Bottom Lines
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.
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.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
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.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
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.
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.
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 this article 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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