GoPro (NASDAQ:GPRO) Releases FY 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -2.470–2.430 for the period, compared to the consensus estimate of -0.430. The company issued revenue guidance of $790.0 million-$810.0 million, compared to the consensus revenue estimate of $864.7 million. GoPro also updated its Q4 2024 guidance to -0.130–0.090 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com raised GoPro from a “sell” rating to a “hold” rating in a research report 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

NASDAQ:GPRO traded up $0.12 during trading hours on Friday, hitting $1.57. 4,179,718 shares of the company traded hands, compared to its average volume of 1,025,807. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $239.79 million, a price-to-earnings ratio of -0.61 and a beta of 1.56. The firm has a 50-day moving average of $1.32 and a 200 day moving average of $1.43. GoPro has a twelve month low of $1.16 and a twelve month high of $3.80.

About GoPro

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.