-$0.40 Earnings Per Share Expected for GoPro (GPRO) This Quarter
Brokerages expect GoPro (NASDAQ:GPRO) to report ($0.40) earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for GoPro’s earnings. The lowest EPS estimate is ($0.51) and the highest is ($0.24). GoPro posted earnings of ($0.44) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The business is expected to issue its next earnings report after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that GoPro will report full-year earnings of ($0.42) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.25). For the next fiscal year, analysts expect that the firm will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.27) to $0.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow GoPro.
GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.75). The company had revenue of $334.80 million for the quarter, compared to the consensus estimate of $340.19 million. GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The firm’s revenue was down 38.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share.
Shares of NASDAQ GPRO opened at $5.22 on Wednesday. The firm has a market cap of $768.93, a P/E ratio of -4.96 and a beta of 0.20. GoPro has a 12-month low of $4.42 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.55.
In other GoPro news, CFO Brian Mcgee sold 11,124 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.65, for a total value of $62,850.60. Following the transaction, the chief financial officer now directly owns 71,958 shares of the company’s stock, valued at $406,562.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sharon S. Zezima sold 14,966 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.60, for a total transaction of $83,809.60. The disclosure for this sale can be found here. 28.58% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Argent Capital Management LLC purchased a new stake in shares of GoPro in the third quarter valued at about $1,028,000. Canyon Capital Advisors LLC purchased a new stake in shares of GoPro in the fourth quarter valued at about $379,000. CIBC World Markets Inc. purchased a new stake in shares of GoPro in the fourth quarter valued at about $295,000. Boothbay Fund Management LLC purchased a new stake in shares of GoPro in the third quarter valued at about $266,000. Finally, Spark Investment Management LLC purchased a new stake in shares of GoPro in the fourth quarter valued at about $2,237,000. 26.00% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: “-$0.40 Earnings Per Share Expected for GoPro (GPRO) This Quarter” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/0-40-earnings-per-share-expected-for-gopro-gpro-this-quarter/2030180.html.
GoPro Company Profile
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GoPro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoPro and related companies with MarketBeat.com's FREE daily email newsletter.