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Gol Linhas (GOL) Tweaks 2022 Guidance, Issues 2023 View
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Gol Linhas Aereas Inteligentes S.A. has updated its expectations for 2022, while unveiling the same for 2023.
Gol Linhas now expects capacity to increase 50% (prior view: 50-55%) year over year in 2022. GOL estimates load factor to be 80% (prior view: 81%) for 2022. The fuel price per liter is predicted to be R$5.8 (prior view: R$5.9) for 2022.
EBITDA margin is now anticipated to be 18% (prior view: 19%), while the EBIT margin is still forecast to be 7%. Net capital investments are still predicted to be R$650 million.
Total net revenues are now expected to be R$15.2 billion (prior view: R$15.4 billion) for 2022. The company anticipates a loss of $2.30 per share for 2022. The Zacks Consensus Estimate for the same is pegged at a loss of $1.50 per share.
For 2023, GOL has provided preliminary guidance. Gol Linhas expects capacity to increase 20-25% year over year in 2023. GOL estimates the load factor to be 80% for 2023. The fuel price per liter is predicted to be R$5.3 for 2023.
The EBITDA margin is anticipated to be 24%, while the EBIT margin is forecast to be 14%. Net capital investments are predicted to be R$700 million.
Total net revenues are now expected to be R$20 billion for 2023. The company anticipates earnings of 20 cents per share for 2023.
To meet the expected domestic air-travel demand of nearly 100 billion revenue passenger kilometers for 2023, GOL aims to operate 120 aircraft on average during the year.
Further, GOL anticipates ending 2023 with 53 Boeing MAX aircraft in its fleet. The updated Boeing MAX should boost productivity, reduce unit costs and lower carbon emissions.
In 2023, GOL is also hopeful of witnessing R$450 million in savings from the inclusion of Smiles and R$400 million in savings from the additional MAX aircraft in the fleet. In 2023, GOL anticipates generating nearly R$4.5 billion of operating cash flow and neutral free cash flow after net capex and debt service.
Gol Linhas Aereas Inteligentes S.A. Price, Consensus and EPS Surprise
Delta Airlines has an expected earnings growth rate of 67% for the current year. DAL delivered a trailing four-quarter earnings surprise of 7.90%, on average.
The Zacks Consensus Estimate for DAL’s current-year earnings has improved 11.5% over the past 90 days. Shares of DAL have gained 6.8% over the past three months.
UAL has an expected earnings growth rate of 197.43% for the current year. UAL delivered a trailing four-quarter earnings surprise of 7.78%, on average.
The Zacks Consensus Estimate for UAL’s current-year earnings has improved 6.4% over the past 90 days. Shares of UAL have gained 6.7% over the past three months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 14.4% over the past three months.
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Gol Linhas (GOL) Tweaks 2022 Guidance, Issues 2023 View
Gol Linhas Aereas Inteligentes S.A. has updated its expectations for 2022, while unveiling the same for 2023.
Gol Linhas now expects capacity to increase 50% (prior view: 50-55%) year over year in 2022. GOL estimates load factor to be 80% (prior view: 81%) for 2022. The fuel price per liter is predicted to be R$5.8 (prior view: R$5.9) for 2022.
EBITDA margin is now anticipated to be 18% (prior view: 19%), while the EBIT margin is still forecast to be 7%. Net capital investments are still predicted to be R$650 million.
Total net revenues are now expected to be R$15.2 billion (prior view: R$15.4 billion) for 2022. The company anticipates a loss of $2.30 per share for 2022. The Zacks Consensus Estimate for the same is pegged at a loss of $1.50 per share.
For 2023, GOL has provided preliminary guidance. Gol Linhas expects capacity to increase 20-25% year over year in 2023. GOL estimates the load factor to be 80% for 2023. The fuel price per liter is predicted to be R$5.3 for 2023.
The EBITDA margin is anticipated to be 24%, while the EBIT margin is forecast to be 14%. Net capital investments are predicted to be R$700 million.
Total net revenues are now expected to be R$20 billion for 2023. The company anticipates earnings of 20 cents per share for 2023.
To meet the expected domestic air-travel demand of nearly 100 billion revenue passenger kilometers for 2023, GOL aims to operate 120 aircraft on average during the year.
Further, GOL anticipates ending 2023 with 53 Boeing MAX aircraft in its fleet. The updated Boeing MAX should boost productivity, reduce unit costs and lower carbon emissions.
In 2023, GOL is also hopeful of witnessing R$450 million in savings from the inclusion of Smiles and R$400 million in savings from the additional MAX aircraft in the fleet. In 2023, GOL anticipates generating nearly R$4.5 billion of operating cash flow and neutral free cash flow after net capex and debt service.
Gol Linhas Aereas Inteligentes S.A. Price, Consensus and EPS Surprise
Gol Linhas Aereas Inteligentes S.A. price-consensus-eps-surprise-chart | Gol Linhas Aereas Inteligentes S.A. Quote
Zacks Rank and Other Stocks to Consider
Currently, Gol Linhas carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the broader Zacks Transportation sector are Delta Airlines (DAL - Free Report) , United Airlines Holdings, Inc. (UAL) and Teekay Tankers Ltd. (TNK - Free Report) ). Delta Airlines carries a Zacks Rank #2, while United Airlines and Teekay Tankers sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Delta Airlines has an expected earnings growth rate of 67% for the current year. DAL delivered a trailing four-quarter earnings surprise of 7.90%, on average.
The Zacks Consensus Estimate for DAL’s current-year earnings has improved 11.5% over the past 90 days. Shares of DAL have gained 6.8% over the past three months.
UAL has an expected earnings growth rate of 197.43% for the current year. UAL delivered a trailing four-quarter earnings surprise of 7.78%, on average.
The Zacks Consensus Estimate for UAL’s current-year earnings has improved 6.4% over the past 90 days. Shares of UAL have gained 6.7% over the past three months.
Teekay Tankers has an expected earnings growth rate of 143.11% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved more than 100% over the past 90 days. Shares of TNK have soared 14.4% over the past three months.