GoPro (NASDAQ:GPRO) Issues Q3 Earnings Guidance

GoPro (NASDAQ:GPRO) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $(0.07)-$(0.03) for the period, compared to the consensus earnings per share estimate of $0.07. The company issued revenue guidance of $250-260 million, compared to the consensus revenue estimate of $290.40 million.

GoPro Price Performance

Shares of NASDAQ GPRO remained flat at $1.32 during midday trading on Tuesday. 1,763,630 shares of the stock were exchanged, compared to its average volume of 1,897,044. The firm has a fifty day moving average price of $1.48 and a 200-day moving average price of $1.93. GoPro has a twelve month low of $1.27 and a twelve month high of $4.01. The company has a market capitalization of $197.86 million, a price-to-earnings ratio of -0.55 and a beta of 1.61. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

GoPro (NASDAQ:GPRO) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The firm had revenue of $155.47 million for the quarter, compared to analysts’ expectations of $147.21 million. GoPro had a negative net margin of 36.75% and a negative return on equity of 14.66%. Research analysts expect that GoPro will post -0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a neutral rating and set a $2.00 price target on shares of GoPro in a research report on Wednesday, May 8th.

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.