-$0.36 Earnings Per Share Expected for GoPro Inc (NASDAQ:GPRO) This Quarter

Brokerages expect that GoPro Inc (NASDAQ:GPRO) will announce ($0.36) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for GoPro’s earnings. The highest EPS estimate is ($0.24) and the lowest is ($0.49). GoPro posted earnings per share of ($0.44) in the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The company is expected to report its next earnings report on Thursday, April 26th.

On average, analysts expect that GoPro will report full year earnings of ($0.37) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.17). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.27) to $0.08. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for GoPro.

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GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share 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 analyst estimates of $340.19 million. GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The company’s revenue for the quarter was down 38.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share.

Several research analysts have recently weighed in on the company. Vetr upgraded GoPro from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Monday. BidaskClub upgraded GoPro from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. JPMorgan Chase & Co. cut GoPro from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $9.00 to $8.00 in a report on Friday, February 2nd. Bank of America lowered their target price on GoPro from $6.50 to $5.50 and set an “underperform” rating on the stock in a report on Friday, February 2nd. Finally, Citigroup lowered their target price on GoPro from $7.00 to $5.50 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. GoPro presently has a consensus rating of “Hold” and a consensus target price of $7.71.

In related news, SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.60, for a total value of $83,809.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian Mcgee sold 11,124 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 71,958 shares in the company, valued at $406,562.70. The disclosure for this sale can be found here. Corporate insiders own 28.58% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPRO. Millennium Management LLC lifted its holdings in GoPro by 310.4% in the fourth quarter. Millennium Management LLC now owns 683,978 shares of the company’s stock valued at $5,178,000 after acquiring an additional 517,298 shares during the last quarter. Engineers Gate Manager LP lifted its stake in GoPro by 1,970.7% during the fourth quarter. Engineers Gate Manager LP now owns 394,560 shares of the company’s stock worth $2,987,000 after purchasing an additional 375,506 shares in the last quarter. Spark Investment Management LLC acquired a new position in GoPro during the fourth quarter worth $2,237,000. BlackRock Inc. lifted its stake in GoPro by 4.4% during the fourth quarter. BlackRock Inc. now owns 6,887,094 shares of the company’s stock worth $52,136,000 after purchasing an additional 291,214 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in GoPro by 25.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 782,705 shares of the company’s stock worth $5,926,000 after purchasing an additional 160,745 shares in the last quarter. Hedge funds and other institutional investors own 26.00% of the company’s stock.

Shares of GoPro stock traded down $0.20 during trading on Friday, hitting $4.58. The stock had a trading volume of 3,885,955 shares, compared to its average volume of 2,469,728. The firm has a market cap of $669.52, a PE ratio of -3.50 and a beta of 0.13. GoPro has a fifty-two week low of $4.56 and a fifty-two week high of $11.89. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

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GoPro Company Profile

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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