GoPro, Inc. (GPRO) Expected to Announce Earnings of -$0.04 Per Share
Equities analysts expect GoPro, Inc. (NASDAQ:GPRO) to post earnings of ($0.04) per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for GoPro’s earnings, with estimates ranging from ($0.06) to $0.02. GoPro posted earnings of ($0.60) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 93.3%. The firm is scheduled to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that GoPro will report full-year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to $0.15. For the next year, analysts anticipate that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.00 to $0.79. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for GoPro.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The firm had revenue of $296.52 million during the quarter, compared to analyst estimates of $268.94 million. During the same quarter in the previous year, the firm earned ($0.52) earnings per share. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year.
A number of analysts have recently weighed in on the company. BidaskClub upgraded GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of GoPro in a research report on Wednesday, August 9th. Morgan Stanley set a $9.00 target price on GoPro and gave the company a “hold” rating in a research report on Saturday, August 5th. Vetr downgraded GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 target price for the company. in a research report on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) raised GoPro from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $6.75 to $10.00 in a report on Tuesday, August 15th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.47.
GoPro (NASDAQ GPRO) traded up 1.66% during mid-day trading on Wednesday, reaching $9.21. 2,642,043 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.59. The stock’s market capitalization is $1.25 billion. GoPro has a 12 month low of $7.14 and a 12 month high of $17.68.
COPYRIGHT VIOLATION NOTICE: “GoPro, Inc. (GPRO) Expected to Announce Earnings of -$0.04 Per Share” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/23/gopro-inc-gpro-expected-to-announce-earnings-of-0-04-per-share.html.
In other news, Director Anthony John Bates sold 41,076 shares of GoPro stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $8.49, for a total value of $348,735.24. Following the transaction, the director now owns 142,011 shares in the company, valued at $1,205,673.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 28.69% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in GoPro during the fourth quarter valued at approximately $492,000. Financial Architects Inc increased its position in shares of GoPro by 15.2% in the first quarter. Financial Architects Inc now owns 15,200 shares of the company’s stock worth $132,000 after buying an additional 2,000 shares in the last quarter. MUFG Securities EMEA plc increased its position in shares of GoPro by 7,126.6% in the first quarter. MUFG Securities EMEA plc now owns 90,714 shares of the company’s stock worth $789,000 after buying an additional 92,005 shares in the last quarter. Capital Fund Management S.A. increased its position in shares of GoPro by 12.8% in the first quarter. Capital Fund Management S.A. now owns 104,130 shares of the company’s stock worth $906,000 after buying an additional 11,830 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of GoPro by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock worth $4,095,000 after buying an additional 23,641 shares in the last quarter. Hedge funds and other institutional investors own 25.12% of the company’s stock.
GoPro Company Profile
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GoPro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.