GoPro (NASDAQ:GPRO) Releases Q2 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.280–0.240 for the period, compared to the consensus estimate of -0.120. The company issued revenue guidance of $165.0 million-$175.0 million, compared to the consensus revenue estimate of $225.8 million.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a neutral rating and set a $2.00 price objective on shares of GoPro in a research report on Wednesday.

GoPro Stock Up 0.6 %

Shares of GPRO stock traded up $0.01 during trading hours on Thursday, hitting $1.72. 1,075,861 shares of the company’s stock traded hands, compared to its average volume of 1,869,647. The company has a quick ratio of 1.35, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $2.05 and its two-hundred day simple moving average is $2.73. GoPro has a 12-month low of $1.65 and a 12-month high of $4.45. The stock has a market cap of $257.08 million, a price-to-earnings ratio of -5.01 and a beta of 1.50.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. GoPro had a negative return on equity of 11.66% and a negative net margin of 5.29%. The business had revenue of $295.42 million during the quarter, compared to analysts’ expectations of $326.99 million. On average, analysts expect that GoPro will post -0.38 EPS for the current year.

GoPro Company Profile

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.