GOL Linhas Earnings Preview: Get Ahead of the Analysts

March 23, 2013

GOL Linhas (NYSE:GOL) will report earnings after markets close on Monday, March 25th. Gol Linhas Aereas Inteligentes S.A. provides low-fare, non-stop passenger flight services through its fleet of next generation Boeing airplanes. The company provides domestic flights in Brazil.

Here is your Cheat Sheet to GOL Linhas A Earnings:

Earnings Expectations: Analysts expect earnings of $-0.21 per share on revenues of $1.63 billion.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.01 and has not changed. For the current year, the average estimate is a loss of $1.86, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how GOL Linhas A has been performing on an annual basis:

Fiscal Year	2007	2008	2009	2010	2011
Revenue ($) in millions	2,788	3,568	3,063	3,984	4,529
Diluted EPS ($)	0.29	-2.56	2.20	0.48	-1.53

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter	Sep. 30, 2011	Dec. 31, 2011	Mar. 31, 2012	Jun. 30, 2012	Sep. 30, 2012
Revenue ($) in millions	1,047	1,258	1,227	903.62	962.86
Diluted EPS ($)	-1.09	0.19	-0.09	-1.32	-0.55

Past Performance:
GOL Linhas A has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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