Analysts Expect Gaia Inc (GAIA) to Post -$0.58 EPS

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Wall Street brokerages expect Gaia Inc (NASDAQ:GAIA) to post ($0.58) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gaia’s earnings. The lowest EPS estimate is ($0.68) and the highest is ($0.48). Gaia posted earnings per share of ($0.37) in the same quarter last year, which would indicate a negative year-over-year growth rate of 56.8%. The company is scheduled to announce its next earnings results on Monday, February 25th.

On average, analysts expect that Gaia will report full-year earnings of ($1.91) per share for the current financial year, with EPS estimates ranging from ($2.02) to ($1.81). For the next fiscal year, analysts anticipate that the company will post earnings of ($1.74) per share, with EPS estimates ranging from ($2.06) to ($1.36). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Gaia.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, November 5th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.17). Gaia had a negative net margin of 70.92% and a negative return on equity of 29.95%. The company had revenue of $11.39 million during the quarter, compared to the consensus estimate of $11.27 million.

A number of equities research analysts have commented on the company. BidaskClub lowered Gaia from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Zacks Investment Research upgraded Gaia from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, October 10th. Finally, TheStreet lowered Gaia from a “c-” rating to a “d” rating in a research report on Thursday, November 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $23.80.

In other Gaia news, insider Paul C. Jr. Tarell bought 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $11.72 per share, for a total transaction of $41,020.00. Following the transaction, the insider now directly owns 25,140 shares in the company, valued at $294,640.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 43.40% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of Gaia during the 2nd quarter valued at about $332,000. Schwab Charles Investment Management Inc. boosted its position in shares of Gaia by 65.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,400 shares of the company’s stock valued at $454,000 after purchasing an additional 8,900 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Gaia by 202.4% during the 3rd quarter. AQR Capital Management LLC now owns 36,085 shares of the company’s stock valued at $556,000 after purchasing an additional 24,152 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Gaia during the 3rd quarter valued at about $709,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Gaia by 16.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,046 shares of the company’s stock valued at $1,079,000 after purchasing an additional 10,148 shares in the last quarter. Institutional investors own 49.13% of the company’s stock.

NASDAQ GAIA opened at $11.56 on Wednesday. Gaia has a 12 month low of $11.32 and a 12 month high of $22.75.

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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