GoPro Inc (NASDAQ:GPRO) Expected to Announce Quarterly Sales of $575.82 Million

Wall Street analysts expect GoPro Inc (NASDAQ:GPRO) to announce sales of $575.82 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for GoPro’s earnings. The lowest sales estimate is $567.64 million and the highest is $583.81 million. GoPro posted sales of $377.38 million in the same quarter last year, which suggests a positive year-over-year growth rate of 52.6%. The business is scheduled to report its next earnings report on Wednesday, February 5th.

According to Zacks, analysts expect that GoPro will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $1.23 billion to $1.25 billion. For the next year, analysts forecast that the company will report sales of $1.30 billion, with estimates ranging from $1.28 billion to $1.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for GoPro.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.06. GoPro had a negative net margin of 7.55% and a negative return on equity of 32.29%. The firm had revenue of $131.00 million for the quarter, compared to analyst estimates of $126.36 million. During the same period in the prior year, the business posted ($0.04) EPS. The business’s revenue for the quarter was down 54.2% compared to the same quarter last year.

Several equities analysts have recently commented on GPRO shares. BidaskClub upgraded shares of GoPro from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Zacks Investment Research lowered shares of GoPro from a “hold” rating to a “strong sell” rating and set a $3.50 price objective on the stock. in a report on Friday, October 4th. ValuEngine upgraded shares of GoPro from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wedbush restated a “hold” rating and issued a $4.50 price objective on shares of GoPro in a report on Thursday, October 31st. Finally, Morgan Stanley decreased their price objective on shares of GoPro from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.50.

Shares of GPRO stock traded up $0.06 during trading hours on Friday, hitting $4.42. The company had a trading volume of 2,948,786 shares, compared to its average volume of 4,578,737. The company’s fifty day moving average is $4.22 and its 200 day moving average is $4.71. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.33 and a quick ratio of 0.55. GoPro has a fifty-two week low of $3.25 and a fifty-two week high of $7.64. The stock has a market capitalization of $679.09 million, a PE ratio of -9.61, a price-to-earnings-growth ratio of 5.45 and a beta of 0.85.

In other GoPro news, VP Eve T. Saltman sold 14,669 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $4.46, for a total transaction of $65,423.74. Following the sale, the vice president now directly owns 120,388 shares in the company, valued at approximately $536,930.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tyrone Ahmad-Taylor sold 7,128 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $4.03, for a total transaction of $28,725.84. Following the sale, the director now owns 14,255 shares in the company, valued at $57,447.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,377 shares of company stock worth $136,948. 22.34% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. purchased a new position in shares of GoPro in the 2nd quarter valued at $55,000. Honkamp Krueger Financial Services Inc. bought a new stake in GoPro during the second quarter worth approximately $64,000. Tower Research Capital LLC TRC boosted its position in GoPro by 2,404.1% during the third quarter. Tower Research Capital LLC TRC now owns 27,620 shares of the company’s stock worth $143,000 after purchasing an additional 26,517 shares during the period. Quantamental Technologies LLC boosted its position in GoPro by 59.6% during the second quarter. Quantamental Technologies LLC now owns 31,165 shares of the company’s stock worth $170,000 after purchasing an additional 11,632 shares during the period. Finally, Versant Capital Management Inc boosted its position in GoPro by 28.3% during the third quarter. Versant Capital Management Inc now owns 32,316 shares of the company’s stock worth $167,000 after purchasing an additional 7,127 shares during the period. Institutional investors own 41.37% of the company’s stock.

About GoPro

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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