$0.04 Earnings Per Share Expected for GoPro Inc (GPRO) This Quarter

Brokerages predict that GoPro Inc (NASDAQ:GPRO) will announce earnings of $0.04 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for GoPro’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.06. GoPro posted earnings per share of ($0.15) in the same quarter last year, which would indicate a positive year-over-year growth rate of 126.7%. The company is expected to issue its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that GoPro will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.45. For the next financial year, analysts anticipate that the company will report earnings of $0.47 per share, with EPS estimates ranging from $0.33 to $0.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover GoPro.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.06. The business had revenue of $243.00 million during the quarter, compared to the consensus estimate of $234.41 million. GoPro had a negative net margin of 4.80% and a negative return on equity of 15.82%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) EPS.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of GoPro from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective for the company in a research report on Thursday. Longbow Research restated a “hold” rating on shares of GoPro in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GoPro from $7.50 to $8.00 in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.44.

In related news, Director Tyrone Ahmad-Taylor sold 8,378 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.43, for a total value of $53,870.54. Following the completion of the sale, the director now owns 4,189 shares in the company, valued at approximately $26,935.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas Woodman sold 342,679 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $5.91, for a total transaction of $2,025,232.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,743,070 shares of company stock valued at $23,119,226. 26.61% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new stake in GoPro in the 4th quarter valued at $44,000. Blueshift Asset Management LLC purchased a new stake in GoPro in the 4th quarter valued at $47,000. Penserra Capital Management LLC raised its position in GoPro by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 9,186 shares of the company’s stock valued at $59,000 after purchasing an additional 3,062 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in GoPro in the 1st quarter valued at $68,000. Finally, Versant Capital Management Inc raised its position in GoPro by 36.6% in the 4th quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after purchasing an additional 4,395 shares during the last quarter. Hedge funds and other institutional investors own 42.97% of the company’s stock.

Shares of NASDAQ:GPRO traded down $0.18 during trading on Wednesday, hitting $7.06. 6,381,612 shares of the company were exchanged, compared to its average volume of 6,534,811. The company has a market capitalization of $1.11 billion, a PE ratio of -15.35, a P/E/G ratio of 4.83 and a beta of 0.69. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 1.08. GoPro has a 12-month low of $4.00 and a 12-month high of $7.64.

About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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