Wall Street analysts expect GoPro Inc (NASDAQ:GPRO) to report sales of $272.23 million for the current quarter, according to Zacks. Four analysts have issued estimates for GoPro’s earnings, with estimates ranging from $268.31 million to $274.30 million. GoPro posted sales of $329.81 million during the same quarter last year, which suggests a negative year over year growth rate of 17.5%. The company is expected to announce its next earnings report on Wednesday, November 7th.

On average, analysts expect that GoPro will report full year sales of $1.16 billion for the current fiscal year, with estimates ranging from $1.14 billion to $1.20 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.17 billion per share, with estimates ranging from $1.13 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover GoPro.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.07. GoPro had a negative return on equity of 47.64% and a negative net margin of 13.47%. The company had revenue of $282.70 million during the quarter, compared to analysts’ expectations of $270.27 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The business’s revenue was down 4.7% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded GoPro from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 13th. Zacks Investment Research cut GoPro from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine upgraded GoPro from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 12th. JPMorgan Chase & Co. set a $7.00 price objective on GoPro and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, Cowen restated a “hold” rating and set a $6.00 price objective on shares of GoPro in a report on Friday, August 3rd. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.88.

In other news, CFO Brian Mcgee sold 5,452 shares of GoPro stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $5.86, for a total value of $31,948.72. Following the completion of the sale, the chief financial officer now directly owns 108,411 shares in the company, valued at $635,288.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 26.61% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of GoPro by 9.1% in the first quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock valued at $36,004,000 after buying an additional 629,370 shares in the last quarter. Arnhold LLC acquired a new stake in shares of GoPro in the first quarter valued at approximately $1,627,000. Hsbc Holdings PLC raised its position in shares of GoPro by 79.7% in the first quarter. Hsbc Holdings PLC now owns 388,027 shares of the company’s stock valued at $1,858,000 after buying an additional 172,042 shares in the last quarter. Indaba Capital Management L.P. acquired a new stake in shares of GoPro in the first quarter valued at approximately $10,551,000. Finally, Trexquant Investment LP acquired a new stake in shares of GoPro in the second quarter valued at approximately $336,000. Institutional investors own 30.88% of the company’s stock.

Shares of NASDAQ:GPRO traded down $0.01 during trading on Thursday, reaching $6.41. 1,617,300 shares of the stock were exchanged, compared to its average volume of 4,039,197. GoPro has a 12 month low of $4.42 and a 12 month high of $11.89. The stock has a market cap of $949.42 million, a PE ratio of -5.94 and a beta of 0.23. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.72.

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.

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Earnings History and Estimates for GoPro (NASDAQ:GPRO)

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