GoPro (NASDAQ:GPRO) Issues Q4 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.130–0.090 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of $190.0 million-$210.0 million, compared to the consensus revenue estimate of $268.9 million. GoPro also updated its FY 2024 guidance to -2.470–2.430 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GPRO. StockNews.com raised GoPro from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Wedbush reaffirmed a “neutral” rating and issued a $1.50 target price on shares of GoPro in a report on Wednesday.

GoPro Stock Performance

GPRO traded up $0.01 during midday trading on Thursday, reaching $1.45. The company had a trading volume of 2,246,129 shares, compared to its average volume of 1,686,238. 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 business has a 50-day moving average of $1.32 and a two-hundred day moving average of $1.44. The company has a market cap of $221.46 million, a P/E ratio of -0.56 and a beta of 1.56. GoPro has a 1 year low of $1.16 and a 1 year high of $3.80.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $170.02 million. During the same quarter last year, the business earned ($0.13) EPS. GoPro’s revenue for the quarter was down 22.7% on a year-over-year basis. As a group, equities research analysts predict that GoPro will post -0.65 earnings per share for the current fiscal 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.