GoPro (GPRO) to Release Earnings on Tuesday

GoPro (NASDAQ:GPRO) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.24) per share for the quarter. GoPro has set its Q1 guidance at $(0.27)-$(0.23) EPS and its Q1 2024 guidance at -0.270–0.230 EPS.Investors interested in participating in the company’s conference call can do so using this link.

GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, February 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. GoPro had a negative net margin of 5.29% and a negative return on equity of 11.66%. The business had revenue of $295.42 million for the quarter, compared to analysts’ expectations of $326.99 million. On average, analysts expect GoPro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GoPro Price Performance

GPRO opened at $1.78 on Tuesday. The company’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $2.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.35. GoPro has a 1 year low of $1.67 and a 1 year high of $4.45.

Analyst Ratings Changes

Separately, Wedbush reissued a “neutral” rating and issued a $2.00 target price on shares of GoPro in a research report on Wednesday, March 27th.

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.