GoPro (NASDAQ:GPRO) Issues Q3 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its third quarter earnings guidance on Tuesday morning. 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

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

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

Analyst Ratings Changes

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

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.