GoPro, Inc. (NASDAQ:GPRO) Expected to Post Earnings of $0.05 Per Share

Brokerages expect GoPro, Inc. (NASDAQ:GPROGet Rating) to announce earnings per share (EPS) of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for GoPro’s earnings, with estimates ranging from $0.04 to $0.06. GoPro posted earnings of $0.03 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that GoPro will report full year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.91 to $0.99. For the next fiscal year, analysts anticipate that the company will report earnings of $1.06 per share, with EPS estimates ranging from $0.96 to $1.12. Zacks’ earnings per share averages are an average based on a survey of research firms that follow GoPro.

GoPro (NASDAQ:GPROGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $217.00 million. GoPro had a return on equity of 27.54% and a net margin of 31.97%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS.

GPRO has been the topic of several recent analyst reports. StockNews.com initiated coverage on GoPro in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Jefferies Financial Group initiated coverage on GoPro in a report on Monday, February 28th. They issued a “buy” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $12.88.

Shares of NASDAQ GPRO opened at $8.75 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.65 and a quick ratio of 1.46. The stock has a market capitalization of $1.37 billion, a P/E ratio of 3.85 and a beta of 1.04. GoPro has a 1-year low of $7.37 and a 1-year high of $12.97. The business has a fifty day moving average price of $8.45 and a 200 day moving average price of $9.33.

In other news, SVP S Aimee Lapic sold 30,642 shares of the firm’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $9.00, for a total value of $275,778.00. Following the transaction, the senior vice president now owns 301,045 shares in the company, valued at $2,709,405. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas Woodman sold 37,162 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $8.00, for a total value of $297,296.00. The disclosure for this sale can be found here. Insiders have sold 267,804 shares of company stock worth $2,207,074 in the last quarter. 19.54% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC increased its holdings in shares of GoPro by 13.6% in the third quarter. Cubist Systematic Strategies LLC now owns 143,023 shares of the company’s stock valued at $1,339,000 after purchasing an additional 17,084 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of GoPro by 3.5% in the third quarter. Russell Investments Group Ltd. now owns 343,535 shares of the company’s stock valued at $3,214,000 after purchasing an additional 11,719 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of GoPro by 2,254.3% in the third quarter. Marshall Wace LLP now owns 766,421 shares of the company’s stock valued at $7,174,000 after purchasing an additional 733,867 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of GoPro by 3.7% in the fourth quarter. Versant Capital Management Inc now owns 119,939 shares of the company’s stock valued at $1,237,000 after purchasing an additional 4,230 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of GoPro in the third quarter valued at approximately $219,000. 78.36% of the stock is owned by hedge funds and other institutional investors.

GoPro Company Profile (Get Rating)

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the United States and internationally. The company offers cloud connected HERO10 Black, HERO9 Black, and HERO8 Black waterproof cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription provides access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik app, a mobile app that enable users to get their favorite photos and videos with footage from any phone or camera.

Recommended Stories

Get a free copy of the Zacks research report on GoPro (GPRO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GoPro (NASDAQ:GPRO)

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.