Analysts Anticipate Gaia Inc (GAIA) Will Post Earnings of -$0.42 Per Share

Brokerages expect that Gaia Inc (NASDAQ:GAIA) will announce earnings of ($0.42) per share for the current quarter, Zacks reports. Two analysts have made estimates for Gaia’s earnings. Gaia also reported earnings of ($0.42) per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Monday, August 6th.

On average, analysts expect that Gaia will report full year earnings of ($1.65) per share for the current year, with EPS estimates ranging from ($1.75) to ($1.58). For the next year, analysts forecast that the business will post earnings of ($1.21) per share, with EPS estimates ranging from ($1.37) to ($1.13). Zacks’ EPS averages are an average based on a survey of research analysts that cover Gaia.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, May 7th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.14. Gaia had a negative net margin of 72.00% and a negative return on equity of 26.84%. The business had revenue of $9.62 million during the quarter, compared to analyst estimates of $9.41 million.

A number of equities research analysts have recently issued reports on the stock. B. Riley boosted their price objective on shares of Gaia to $26.00 and gave the company a “buy” rating in a research report on Thursday. ValuEngine raised shares of Gaia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Roth Capital assumed coverage on shares of Gaia in a research report on Friday, April 27th. They set a “buy” rating and a $21.00 price objective for the company. Dougherty & Co assumed coverage on shares of Gaia in a research report on Wednesday, March 28th. They set a “buy” rating and a $22.00 price objective for the company. Finally, BidaskClub raised shares of Gaia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 17th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.25.

Shares of GAIA stock traded down $0.20 during mid-day trading on Friday, reaching $19.60. 98,092 shares of the company’s stock traded hands, compared to its average volume of 105,104. Gaia has a 12 month low of $10.35 and a 12 month high of $20.50. The company has a market cap of $354.08 million, a price-to-earnings ratio of -12.52 and a beta of 0.82.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Gaia by 18.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 205,908 shares of the company’s stock worth $2,471,000 after buying an additional 32,232 shares during the period. BlackRock Inc. boosted its holdings in Gaia by 0.9% in the 4th quarter. BlackRock Inc. now owns 776,008 shares of the company’s stock worth $9,623,000 after buying an additional 6,882 shares during the period. Suntrust Banks Inc. bought a new position in Gaia in the 4th quarter worth $136,000. Geode Capital Management LLC boosted its holdings in Gaia by 35.1% in the 4th quarter. Geode Capital Management LLC now owns 138,771 shares of the company’s stock worth $1,720,000 after buying an additional 36,047 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Gaia by 14.1% in the 4th quarter. Deutsche Bank AG now owns 91,628 shares of the company’s stock worth $1,134,000 after buying an additional 11,343 shares during the period. 41.46% of the stock is owned by hedge funds and other institutional investors.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscribers worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

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Earnings History and Estimates for Gaia (NASDAQ:GAIA)

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