GoPro, Inc. Forecasted to Earn Q3 2017 Earnings of ($0.02) Per Share (GPRO)
GoPro, Inc. (NASDAQ:GPRO) – Investment analysts at Wedbush increased their Q3 2017 earnings per share (EPS) estimates for GoPro in a report released on Thursday. Wedbush analyst M. Pachter now anticipates that the company will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.05). Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for GoPro’s FY2017 earnings at ($0.42) EPS.
GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.20. The business had revenue of $296.52 million for the quarter, compared to the consensus estimate of $268.94 million. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.52) EPS.
COPYRIGHT VIOLATION WARNING: “GoPro, Inc. Forecasted to Earn Q3 2017 Earnings of ($0.02) Per Share (GPRO)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/11/gopro-inc-forecasted-to-earn-q3-2017-earnings-of-0-02-per-share-gpro.html.
Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of GoPro from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Bank of America Corporation reiterated an “underperform” rating and issued a $7.00 price objective (down from $8.00) on shares of GoPro in a research report on Monday, June 5th. J P Morgan Chase & Co boosted their price objective on shares of GoPro from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Vetr lowered shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 price objective on the stock. in a research report on Wednesday, June 28th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.75.
GoPro (NASDAQ:GPRO) opened at 10.26 on Monday. GoPro has a 52-week low of $7.14 and a 52-week high of $17.68. The firm’s 50-day moving average is $9.08 and its 200-day moving average is $8.61. The firm’s market capitalization is $1.39 billion.
Several institutional investors have recently added to or reduced their stakes in GPRO. Capital Fund Management S.A. boosted its stake in shares of GoPro by 12.8% during the 1st quarter. Capital Fund Management S.A. now owns 104,130 shares of the company’s stock valued at $906,000 after buying an additional 11,830 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GoPro by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock valued at $4,095,000 after buying an additional 23,641 shares during the last quarter. Swiss National Bank boosted its stake in shares of GoPro by 3.9% during the 1st quarter. Swiss National Bank now owns 145,600 shares of the company’s stock valued at $1,267,000 after buying an additional 5,500 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of GoPro by 33.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 52,076 shares of the company’s stock valued at $453,000 after buying an additional 13,106 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of GoPro during the 1st quarter valued at approximately $118,000. Institutional investors own 24.40% of the company’s stock.
In other GoPro news, Director Anthony John Bates sold 25,529 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the transaction, the director now owns 116,482 shares in the company, valued at approximately $1,184,621.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 28.69% of the stock is currently owned by insiders.
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.
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.