GoPro (GPRO) to Release Earnings on Thursday

GoPro (NASDAQ:GPRO) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect GoPro to post earnings of ($0.01) per share and revenue of $196.50 million for the quarter. GoPro has set its Q4 2024 guidance at -0.130–0.090 EPS and its FY 2024 guidance at -2.470–2.430 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

GoPro (NASDAQ:GPRO) last released its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). GoPro had a negative net margin of 44.37% and a negative return on equity of 33.48%. The company had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $254.92 million. During the same period last year, the business earned ($0.02) EPS. On average, analysts expect GoPro to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GoPro Stock Performance

Shares of GoPro stock opened at $1.01 on Thursday. The firm’s 50 day simple moving average is $1.14 and its two-hundred day simple moving average is $1.27. The firm has a market capitalization of $156.31 million, a price-to-earnings ratio of -0.39 and a beta of 1.53. GoPro has a 12-month low of $1.00 and a 12-month high of $3.18. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Analyst Ratings Changes

Separately, Wedbush reissued a “neutral” rating and issued a $1.50 target price on shares of GoPro in a research report on Wednesday, November 6th.

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.