Equities analysts predict that GoPro Inc (NASDAQ:GPRO) will report earnings of ($0.18) per share for the current quarter, according to Zacks. Three analysts have issued estimates for GoPro’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.27). GoPro reported earnings per share of $0.03 during the same quarter last year, which would suggest a negative year-over-year growth rate of 700%. The company is scheduled to report its next earnings results on Thursday, August 6th.
According to Zacks, analysts expect that GoPro will report full year earnings of ($0.29) per share for the current financial year, with EPS estimates ranging from ($0.55) to ($0.12). For the next year, analysts expect that the company will post earnings of $0.24 per share, with EPS estimates ranging from $0.16 to $0.37. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for GoPro.
GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.34). The business had revenue of $119.40 million for the quarter, compared to the consensus estimate of $119.10 million. GoPro had a negative net margin of 5.02% and a negative return on equity of 19.12%. The business’s revenue for the quarter was down 50.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share.
GoPro stock traded up $0.13 during midday trading on Friday, hitting $4.79. 2,040,296 shares of the company’s stock were exchanged, compared to its average volume of 2,704,414. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 1.74. GoPro has a 12 month low of $2.00 and a 12 month high of $5.95. The firm has a 50-day moving average of $4.46 and a two-hundred day moving average of $3.82. The company has a market cap of $754.76 million, a PE ratio of -12.95 and a beta of 1.46.
Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new position in GoPro during the 4th quarter worth approximately $46,000. RFG Advisory LLC purchased a new position in shares of GoPro during the 1st quarter valued at approximately $28,000. Prudential Financial Inc. purchased a new position in shares of GoPro during the 4th quarter valued at approximately $57,000. US Bancorp DE increased its holdings in shares of GoPro by 66.2% during the 1st quarter. US Bancorp DE now owns 13,457 shares of the company’s stock valued at $35,000 after purchasing an additional 5,361 shares in the last quarter. Finally, Castle Rock Wealth Management LLC increased its holdings in shares of GoPro by 26.1% during the 1st quarter. Castle Rock Wealth Management LLC now owns 14,500 shares of the company’s stock valued at $55,000 after purchasing an additional 3,000 shares in the last quarter. 48.18% of the stock is owned by institutional investors.
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.
Featured Story: How do analysts define an oversold condition?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.