Zacks: Analysts Anticipate GoPro Inc (NASDAQ:GPRO) to Post -$0.34 EPS

Equities analysts expect that GoPro Inc (NASDAQ:GPRO) will announce ($0.34) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for GoPro’s earnings, with estimates ranging from ($0.36) to ($0.31). GoPro posted earnings of $0.03 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1,233.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 6th.

According to Zacks, analysts expect that GoPro will report full-year earnings of ($0.29) per share for the current year, with EPS estimates ranging from ($0.55) to ($0.12). For the next year, analysts expect that the company will report earnings of $0.19 per share, with EPS estimates ranging from $0.16 to $0.22. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover GoPro.

GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, May 7th. The company reported ($0.34) EPS for the quarter, hitting analysts’ consensus estimates of ($0.34). GoPro had a negative net margin of 5.02% and a negative return on equity of 19.12%. The company had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $119.10 million. During the same quarter last year, the company earned ($0.07) EPS. The firm’s revenue was down 50.8% compared to the same quarter last year.

Several research firms recently issued reports on GPRO. Morgan Stanley raised their price target on GoPro from $2.20 to $2.50 and gave the stock an “underweight” rating in a research report on Friday, May 8th. ValuEngine raised GoPro from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Oppenheimer reaffirmed a “buy” rating and issued a $7.00 target price on shares of GoPro in a research note on Thursday, May 7th. Citigroup lowered shares of GoPro from a “neutral” rating to a “sell” rating and lowered their price target for the company from $4.50 to $2.50 in a report on Monday, March 16th. Finally, Wedbush raised their price target on shares of GoPro from $2.50 to $3.50 and gave the stock a “neutral” rating in a report on Friday, May 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.05.

GPRO opened at $4.69 on Friday. GoPro has a 12 month low of $2.00 and a 12 month high of $5.95. The company has a current ratio of 1.74, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $4.41 and its 200-day moving average price is $3.82.

Large investors have recently made changes to their positions in the company. Prentice Capital Management LP bought a new stake in shares of GoPro during the fourth quarter valued at approximately $54,981,000. JPMorgan Chase & Co. raised its holdings in GoPro by 101.1% in the first quarter. JPMorgan Chase & Co. now owns 9,894,048 shares of the company’s stock worth $25,923,000 after purchasing an additional 4,973,044 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in GoPro by 129.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,829,662 shares of the company’s stock valued at $12,281,000 after buying an additional 1,594,144 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of GoPro during the 1st quarter valued at $2,311,000. Finally, Norges Bank purchased a new stake in shares of GoPro in the 4th quarter worth about $2,380,000. 48.18% of the stock is owned by hedge funds and other institutional investors.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Earnings History and Estimates for GoPro (NASDAQ:GPRO)

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