Wall Street analysts expect that Gaia Inc (NASDAQ:GAIA) will announce earnings per share (EPS) of ($0.42) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gaia’s earnings. Gaia also reported earnings of ($0.42) per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Monday, August 6th.
According to Zacks, 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 anticipate that the firm will post earnings of ($1.21) per share, with EPS estimates ranging from ($1.37) to ($1.13). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Gaia.
Get Gaia alerts:Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, May 7th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.14. Gaia had a negative return on equity of 26.84% and a negative net margin of 72.00%. The firm had revenue of $9.62 million during the quarter, compared to analyst estimates of $9.41 million.
Several research firms recently issued reports on GAIA. B. Riley upped their target price on Gaia to $26.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. Dougherty & Co began coverage on Gaia in a research report on Wednesday, March 28th. They issued a “buy” rating and a $22.00 target price on the stock. Roth Capital upped their target price on Gaia from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. BidaskClub downgraded Gaia from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 28th. Finally, ValuEngine raised Gaia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Gaia has an average rating of “Buy” and an average price target of $23.25.
Shares of GAIA opened at $20.45 on Friday. Gaia has a 12 month low of $10.35 and a 12 month high of $22.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Gaia by 0.9% during the 4th quarter. BlackRock Inc. now owns 776,008 shares of the company’s stock worth $9,623,000 after purchasing an additional 6,882 shares during the period. Suntrust Banks Inc. acquired a new stake in Gaia during the 4th quarter worth about $136,000. Geode Capital Management LLC grew its position in Gaia by 35.1% during the 4th quarter. Geode Capital Management LLC now owns 138,771 shares of the company’s stock worth $1,720,000 after purchasing an additional 36,047 shares during the period. Deutsche Bank AG grew its position in Gaia by 14.1% during the 4th quarter. Deutsche Bank AG now owns 91,628 shares of the company’s stock worth $1,134,000 after purchasing an additional 11,343 shares during the period. Finally, Millennium Management LLC grew its position in Gaia by 82.8% during the 4th quarter. Millennium Management LLC now owns 55,656 shares of the company’s stock worth $690,000 after purchasing an additional 25,202 shares during the period. 41.85% of the stock is currently owned by hedge funds and other institutional investors.
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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