GoPro Inc (GPRO) Expected to Post Earnings of -$0.09 Per Share

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Equities research analysts expect that GoPro Inc (NASDAQ:GPRO) will report ($0.09) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for GoPro’s earnings, with estimates ranging from ($0.13) to ($0.06). GoPro reported earnings of ($0.34) per share in the same quarter last year, which indicates a positive year over year growth rate of 73.5%. The business is expected to report its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that GoPro will report full year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.34. For the next year, analysts forecast that the business will report earnings of $0.32 per share, with EPS estimates ranging from $0.12 to $0.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for GoPro.

GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The company had revenue of $377.38 million during the quarter, compared to analyst estimates of $374.28 million. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.30) EPS.

GPRO has been the subject of several analyst reports. BidaskClub lowered shares of GoPro from a “buy” rating to a “hold” rating in a report on Thursday, December 27th. Zacks Investment Research lowered shares of GoPro from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. ValuEngine raised shares of GoPro from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Wedbush restated a “neutral” rating and issued a $6.00 price target on shares of GoPro in a research note on Thursday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.53.

GoPro stock remained flat at $$6.14 during midday trading on Thursday. 2,764,423 shares of the company traded hands, compared to its average volume of 4,125,818. The stock has a market cap of $957.09 million, a price-to-earnings ratio of -13.35, a price-to-earnings-growth ratio of 9.60 and a beta of 0.72. GoPro has a one year low of $4.00 and a one year high of $7.60. The company has a quick ratio of 1.19, a current ratio of 1.58 and a debt-to-equity ratio of 0.66.

In other GoPro news, CFO Brian Mcgee sold 19,526 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $6.04, for a total value of $117,937.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas Woodman sold 1,400,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $5.94, for a total value of $8,316,000.00. The disclosure for this sale can be found here. Corporate insiders own 26.61% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of GoPro by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after acquiring an additional 318,197 shares during the last quarter. Vanguard Group Inc boosted its position in shares of GoPro by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 9,942,143 shares of the company’s stock valued at $71,584,000 after acquiring an additional 318,197 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of GoPro by 36.1% during the 3rd quarter. Renaissance Technologies LLC now owns 6,118,800 shares of the company’s stock valued at $44,055,000 after acquiring an additional 1,622,200 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of GoPro by 1,407.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,894,661 shares of the company’s stock valued at $12,272,000 after acquiring an additional 2,702,700 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of GoPro during the 3rd quarter valued at approximately $16,679,000. Hedge funds and other institutional investors own 41.09% of the company’s stock.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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