GoPro (GPRO) to Release Earnings on Thursday

GoPro (NASDAQ:GPRO) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.01. GoPro had a negative net margin of 42.19% and a negative return on equity of 24.57%. The firm had revenue of $186.22 million for the quarter, compared to analyst estimates of $170.02 million. During the same period in the prior year, the business posted ($0.13) EPS. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. On average, analysts expect GoPro to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GoPro Stock Down 2.2 %

Shares of GPRO opened at $1.34 on Tuesday. GoPro has a fifty-two week low of $1.16 and a fifty-two week high of $3.80. The firm’s 50 day moving average price is $1.31 and its 200 day moving average price is $1.44. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GPRO shares. StockNews.com raised shares of GoPro from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Wedbush cut their target price on shares of GoPro from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

About GoPro

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.