Gaia Inc (GAIA) Expected to Announce Earnings of -$0.42 Per Share

Wall Street analysts forecast that Gaia Inc (NASDAQ:GAIA) will report earnings per share (EPS) of ($0.42) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Gaia’s earnings. Gaia also posted earnings of ($0.42) per share in the same quarter last year. The firm is scheduled to report its next 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 fiscal year, analysts anticipate that the company will report 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 follow Gaia.

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Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, May 7th. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.14. The firm had revenue of $9.62 million for the quarter, compared to analysts’ expectations of $9.41 million. Gaia had a negative return on equity of 26.84% and a negative net margin of 72.00%.

A number of research analysts recently commented on GAIA shares. B. Riley started coverage on Gaia in a research report on Monday, March 26th. They issued a “buy” rating and a $23.00 price target on the stock. Lake Street Capital restated a “buy” rating and issued a $20.00 price target (up previously from $17.00) on shares of Gaia in a research report on Tuesday, February 27th. Dougherty & Co started coverage on Gaia in a research report on Wednesday, March 28th. They issued a “buy” rating and a $22.00 price target on the stock. Roth Capital started coverage on Gaia in a research note on Friday, April 27th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, TheStreet raised Gaia from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.25.

Shares of NASDAQ GAIA opened at $20.90 on Wednesday. Gaia has a 52 week low of $10.35 and a 52 week high of $21.00. The firm has a market capitalization of $360.34 million, a P/E ratio of -13.31 and a beta of 0.82.

A number of large investors have recently added to or reduced their stakes in GAIA. BlackRock Inc. boosted its stake in Gaia by 0.9% in the fourth quarter. BlackRock Inc. now owns 776,008 shares of the company’s stock valued at $9,623,000 after buying an additional 6,882 shares in the last quarter. Suntrust Banks Inc. acquired a new stake in Gaia in the fourth quarter valued at about $136,000. Geode Capital Management LLC boosted its stake in Gaia by 35.1% in the fourth quarter. Geode Capital Management LLC now owns 138,771 shares of the company’s stock valued at $1,720,000 after buying an additional 36,047 shares in the last quarter. Deutsche Bank AG boosted its stake in Gaia by 14.1% in the fourth quarter. Deutsche Bank AG now owns 91,628 shares of the company’s stock valued at $1,134,000 after buying an additional 11,343 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Gaia by 82.8% in the fourth quarter. Millennium Management LLC now owns 55,656 shares of the company’s stock valued at $690,000 after buying an additional 25,202 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

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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