Gaia Inc (NASDAQ:GAIA) Expected to Announce Quarterly Sales of $15.06 Million

Analysts expect Gaia Inc (NASDAQ:GAIA) to report $15.06 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gaia’s earnings, with the highest sales estimate coming in at $15.10 million and the lowest estimate coming in at $15.02 million. Gaia reported sales of $12.47 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The business is expected to announce its next quarterly earnings results on Monday, May 4th.

According to Zacks, analysts expect that Gaia will report full year sales of $66.06 million for the current year, with estimates ranging from $66.01 million to $66.11 million. For the next financial year, analysts expect that the business will report sales of $81.32 million, with estimates ranging from $79.15 million to $83.49 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Gaia.

Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. Gaia had a negative return on equity of 24.65% and a negative net margin of 33.62%. The business had revenue of $14.69 million for the quarter, compared to analyst estimates of $14.68 million.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Gaia from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, February 27th. B. Riley reaffirmed a “buy” rating and set a $17.00 target price on shares of Gaia in a research note on Wednesday, March 25th.

Gaia stock traded down $0.67 during mid-day trading on Tuesday, hitting $8.40. The company had a trading volume of 197,300 shares, compared to its average volume of 99,981. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Gaia has a 12-month low of $4.70 and a 12-month high of $11.00. The company’s fifty day moving average is $7.84 and its 200-day moving average is $7.92. The company has a market capitalization of $171.21 million, a price-to-earnings ratio of -8.32 and a beta of 0.95.

Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. boosted its holdings in Gaia by 76.1% during the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after acquiring an additional 3,240 shares during the period. FMR LLC boosted its stake in shares of Gaia by 20.7% in the 1st quarter. FMR LLC now owns 1,758,793 shares of the company’s stock valued at $16,093,000 after buying an additional 302,072 shares during the period. California Public Employees Retirement System boosted its stake in shares of Gaia by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 134,305 shares of the company’s stock valued at $878,000 after buying an additional 7,400 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Gaia in the 3rd quarter valued at about $117,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Gaia in the 3rd quarter valued at about $28,000. 50.50% of the stock is owned by institutional investors and hedge funds.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base 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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