Wall Street brokerages expect Gaia Inc (NASDAQ:GAIA) to report sales of $14.68 million for the current quarter, Zacks reports. Two analysts have provided estimates for Gaia’s earnings. The lowest sales estimate is $14.66 million and the highest is $14.70 million. Gaia posted sales of $12.38 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.6%. The business is scheduled to issue its next earnings report on Monday, March 2nd.
On average, analysts expect that Gaia will report full year sales of $53.97 million for the current fiscal year, with estimates ranging from $53.96 million to $53.99 million. For the next financial year, analysts anticipate that the business will report sales of $69.79 million, with estimates ranging from $69.52 million to $70.05 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Gaia.
Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.04. Gaia had a negative return on equity of 34.55% and a negative net margin of 51.13%. The business had revenue of $13.66 million for the quarter, compared to the consensus estimate of $13.66 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIA. Marshall Wace North America L.P. raised its holdings in Gaia by 76.1% in the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock worth $69,000 after purchasing an additional 3,240 shares during the period. FMR LLC raised its holdings in Gaia by 20.7% in the 1st quarter. FMR LLC now owns 1,758,793 shares of the company’s stock worth $16,093,000 after purchasing an additional 302,072 shares during the period. Creative Planning acquired a new position in Gaia in the 2nd quarter worth about $274,000. P.A.W. Capital Corp increased its stake in Gaia by 20.0% during the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock worth $2,274,000 after buying an additional 50,000 shares in the last quarter. Finally, AWM Investment Company Inc. increased its stake in Gaia by 121.7% during the 2nd quarter. AWM Investment Company Inc. now owns 716,180 shares of the company’s stock worth $5,429,000 after buying an additional 393,206 shares in the last quarter. 45.54% of the stock is owned by institutional investors.
Shares of GAIA stock traded up $0.02 on Friday, hitting $8.76. The company had a trading volume of 11,915 shares, compared to its average volume of 108,728. The firm has a market cap of $160.68 million, a P/E ratio of -4.47 and a beta of 1.18. The company has a 50-day moving average price of $8.12 and a 200-day moving average price of $7.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.26. Gaia has a twelve month low of $5.50 and a twelve month high of $12.17.
Gaia Company Profile
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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