$12.76 Million in Sales Expected for Gaia Inc (GAIA) This Quarter

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Brokerages expect Gaia Inc (NASDAQ:GAIA) to announce sales of $12.76 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gaia’s earnings, with the lowest sales estimate coming in at $12.58 million and the highest estimate coming in at $12.94 million. Gaia reported sales of $9.62 million in the same quarter last year, which indicates a positive year-over-year growth rate of 32.6%. The company is expected to issue its next quarterly earnings results on Monday, May 6th.

According to Zacks, analysts expect that Gaia will report full-year sales of $55.90 million for the current financial year, with estimates ranging from $55.47 million to $56.33 million. For the next financial year, analysts anticipate that the company will post sales of $74.34 million, with estimates ranging from $68.40 million to $80.27 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Gaia.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, March 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.04). Gaia had a negative net margin of 77.08% and a negative return on equity of 35.28%. The business had revenue of $12.38 million during the quarter, compared to the consensus estimate of $13.08 million.

Several research firms have recently issued reports on GAIA. Lake Street Capital lowered their price target on shares of Gaia to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. ValuEngine lowered shares of Gaia from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. B. Riley set a $24.00 price target on shares of Gaia and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research raised shares of Gaia from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.80.

A number of large investors have recently modified their holdings of GAIA. FNY Investment Advisers LLC grew its stake in Gaia by 62.3% in the 4th quarter. FNY Investment Advisers LLC now owns 3,267 shares of the company’s stock worth $33,000 after buying an additional 1,254 shares in the last quarter. Bank of America Corp DE grew its stake in Gaia by 146.0% in the 4th quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock worth $102,000 after buying an additional 5,873 shares in the last quarter. Shepherd Kaplan Krochuk LLC purchased a new position in Gaia in the 4th quarter worth approximately $155,000. Rhumbline Advisers grew its stake in Gaia by 41.2% in the 4th quarter. Rhumbline Advisers now owns 16,994 shares of the company’s stock worth $176,000 after buying an additional 4,958 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Gaia by 25,564.1% in the 4th quarter. Bank of Montreal Can now owns 20,018 shares of the company’s stock worth $208,000 after buying an additional 19,940 shares in the last quarter. 48.01% of the stock is owned by institutional investors.

Shares of NASDAQ GAIA traded down $0.14 during midday trading on Friday, hitting $9.56. The company’s stock had a trading volume of 108,484 shares, compared to its average volume of 109,429. Gaia has a one year low of $8.45 and a one year high of $22.75. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.15. The firm has a market cap of $168.26 million, a P/E ratio of -4.88 and a beta of 1.04.

Gaia Company Profile

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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