GoPro (GPRO) Projected to Post Quarterly Earnings on Thursday

GoPro (NASDAQ:GPRO) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect GoPro to post earnings of ($0.01) per share and revenue of $196.50 million for the quarter. GoPro has set its Q4 2024 guidance at -0.130–0.090 EPS and its FY 2024 guidance at -2.470–2.430 EPS.Parties interested in participating in the company’s conference call can do so using this link.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $258.90 million for the quarter, compared to the consensus estimate of $254.92 million. GoPro had a negative net margin of 44.37% and a negative return on equity of 33.48%. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. On average, analysts expect GoPro to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GoPro Trading Up 8.9 %

GoPro stock opened at $0.97 on Wednesday. The stock has a 50-day moving average price of $1.12 and a 200 day moving average price of $1.25. GoPro has a 52 week low of $0.89 and a 52 week high of $3.03. The stock has a market cap of $149.62 million, a PE ratio of -0.37 and a beta of 1.51. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and issued a $1.50 price target on shares of GoPro in a report on Friday, January 31st.

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.