GoPro (NASDAQ:GPRO) Releases Q4 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.130–0.090 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of $190.0 million-$210.0 million, compared to the consensus revenue estimate of $268.9 million. GoPro also updated its FY 2024 guidance to -2.470–2.430 EPS.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Wedbush restated a “neutral” rating and issued a $1.50 price objective on shares of GoPro in a report on Wednesday.

GoPro Stock Performance

Shares of NASDAQ GPRO traded up $0.12 during trading on Friday, reaching $1.57. 4,179,718 shares of the company traded hands, compared to its average volume of 1,025,807. The firm has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.43. GoPro has a 52-week low of $1.16 and a 52-week high of $3.80. The stock has a market capitalization of $239.79 million, a PE ratio of -0.61 and a beta of 1.56. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.50.

GoPro Company Profile

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.