GoPro (GPRO) to Release Earnings on Thursday

GoPro (NASDAQ:GPRO) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect GoPro to post earnings of ($0.04) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

GoPro (NASDAQ:GPRO) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $186.22 million during the quarter, compared to analysts’ expectations of $170.02 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The firm’s revenue for the quarter was down 22.7% on a year-over-year basis. On average, analysts expect GoPro to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GoPro Trading Down 2.2 %

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 company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average of $1.31 and a two-hundred day moving average of $1.44.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com raised shares of GoPro from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Wedbush cut their target price on shares of GoPro from $2.00 to $1.50 and set a “neutral” rating for the company 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.