GoPro (GPRO) Expected to Post Earnings of -$0.40 Per Share

Equities research analysts expect GoPro (NASDAQ:GPRO) to report ($0.40) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for GoPro’s earnings. The highest EPS estimate is ($0.24) and the lowest is ($0.51). GoPro posted earnings of ($0.44) per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, May 3rd.

On average, analysts expect that GoPro will report full year earnings of ($0.42) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.25). For the next financial year, analysts anticipate that the business will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.27) to $0.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for GoPro.

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GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The company had revenue of $334.80 million during the quarter, compared to analyst estimates of $340.19 million. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down 38.1% on a year-over-year basis.

A number of equities analysts have recently issued reports on GPRO shares. Citigroup dropped their target price on GoPro from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Friday, February 2nd. JPMorgan Chase set a $9.00 price target on GoPro and gave the company a “buy” rating in a report on Monday, January 8th. BidaskClub raised GoPro from a “sell” rating to a “hold” rating in a report on Saturday. Vetr cut GoPro from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a report on Monday, April 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $6.00 price target (down from $10.50) on shares of GoPro in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. GoPro currently has a consensus rating of “Hold” and a consensus price target of $7.71.

In other GoPro news, SVP Sharon S. Zezima sold 14,966 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.60, for a total value of $83,809.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Mcgee sold 11,124 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.65, for a total value of $62,850.60. Following the completion of the transaction, the chief financial officer now owns 71,958 shares in the company, valued at $406,562.70. The disclosure for this sale can be found here. Company insiders own 28.58% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. boosted its position in GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after buying an additional 11,500 shares during the last quarter. Principal Financial Group Inc. bought a new position in GoPro in the 3rd quarter valued at $139,000. Ladenburg Thalmann Financial Services Inc. boosted its position in GoPro by 235.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after buying an additional 21,501 shares during the last quarter. Boothbay Fund Management LLC bought a new position in GoPro in the 3rd quarter valued at $266,000. Finally, MUFG Securities EMEA plc boosted its position in shares of GoPro by 958.1% in the 4th quarter. MUFG Securities EMEA plc now owns 35,287 shares of the company’s stock worth $267,000 after purchasing an additional 31,952 shares during the last quarter. Hedge funds and other institutional investors own 26.00% of the company’s stock.

Shares of GPRO traded up $0.02 during mid-day trading on Wednesday, reaching $5.06. The company had a trading volume of 4,543,032 shares, compared to its average volume of 4,696,375. GoPro has a twelve month low of $4.42 and a twelve month high of $11.89. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. The stock has a market cap of $815.71, a PE ratio of -4.77 and a beta of 0.20.

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GoPro Company Profile

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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