Brokerages expect GoPro (NASDAQ:GPRO) to announce ($0.40) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for GoPro’s earnings, with estimates ranging from ($0.51) to ($0.24). GoPro reported earnings of ($0.44) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The business is expected to report its next earnings report after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that GoPro will report full-year earnings of ($0.42) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.25). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.27) to $0.08. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for GoPro.
GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The business had revenue of $334.80 million during the quarter, compared to analysts’ expectations of $340.19 million. During the same quarter in the previous year, the business earned $0.29 EPS. The business’s revenue for the quarter was down 38.1% on a year-over-year basis.
In related news, CFO Brian Mcgee sold 11,124 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.65, for a total transaction of $62,850.60. Following the sale, the chief financial officer now owns 71,958 shares of the company’s stock, valued at $406,562.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Sharon S. Zezima sold 14,966 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.60, for a total value of $83,809.60. The disclosure for this sale can be found here. Company insiders own 28.58% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Creative Planning boosted its position in GoPro by 11.7% during the fourth quarter. Creative Planning now owns 77,142 shares of the company’s stock valued at $584,000 after purchasing an additional 8,104 shares in the last quarter. Bank of New York Mellon Corp boosted its position in GoPro by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 418,781 shares of the company’s stock valued at $3,171,000 after purchasing an additional 10,890 shares in the last quarter. North Star Investment Management Corp. boosted its position in GoPro by 226.6% during the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after purchasing an additional 11,500 shares in the last quarter. Fred Alger Management Inc. boosted its position in GoPro by 1.3% during the fourth quarter. Fred Alger Management Inc. now owns 873,943 shares of the company’s stock valued at $6,616,000 after purchasing an additional 11,560 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in GoPro during the third quarter valued at about $139,000. 26.00% of the stock is currently owned by institutional investors.
GPRO stock opened at $5.22 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.55. GoPro has a twelve month low of $4.42 and a twelve month high of $11.89. The firm has a market capitalization of $768.93, a price-to-earnings ratio of -4.96 and a beta of 0.20.
GoPro Company Profile
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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