Zacks: Brokerages Expect GoPro Inc (GPRO) Will Post Earnings of -$0.11 Per Share

Wall Street analysts forecast that GoPro Inc (NASDAQ:GPRO) will announce earnings per share of ($0.22) for the current quarter, Zacks reports. Three analysts have made estimates for GoPro’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at ($0.29). GoPro reported earnings of $0.29 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 175.9%. The firm is scheduled to issue its next earnings results on Thursday, February 1st.

On average, analysts expect that GoPro will report full-year earnings of ($0.51) per share for the current financial year, with EPS estimates ranging from ($0.69) to ($0.20). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.45) to $0.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover GoPro.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.14. GoPro had a negative return on equity of 15.90% and a negative net margin of 17.52%.

Several equities research analysts have weighed in on the company. Oppenheimer reissued a “hold” rating on shares of GoPro in a report on Friday, September 29th. Wedbush reissued a “neutral” rating and issued a $10.00 price target (down previously from $11.48) on shares of GoPro in a report on Friday, September 29th. Citigroup lowered their price target on GoPro to $7.00 and set a “neutral” rating for the company in a report on Tuesday, January 9th. Zacks Investment Research downgraded GoPro from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Longbow Research downgraded GoPro from a “buy” rating to a “neutral” rating and raised their price target for the stock from $7.16 to $13.00 in a report on Monday, January 8th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.74.

Shares of GoPro (GPRO) opened at $6.36 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $928.30, a PE ratio of -3.70 and a beta of 0.53. GoPro has a twelve month low of $5.04 and a twelve month high of $11.89.

In related news, Director Anthony John Bates sold 17,023 shares of GoPro stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $7.98, for a total transaction of $135,843.54. Following the completion of the sale, the director now owns 99,459 shares of the company’s stock, valued at $793,682.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Mcgee sold 7,541 shares of GoPro stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the sale, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at approximately $651,544.41. The disclosure for this sale can be found here. Insiders have sold 704,907 shares of company stock valued at $6,478,800 in the last ninety days. Corporate insiders own 28.58% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. raised its position in GoPro by 226.6% during the fourth quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after acquiring an additional 11,500 shares in the last quarter. Argent Capital Management LLC purchased a new position in GoPro during the third quarter valued at approximately $1,028,000. Cubist Systematic Strategies LLC raised its position in GoPro by 416.1% during the third quarter. Cubist Systematic Strategies LLC now owns 29,158 shares of the company’s stock valued at $321,000 after acquiring an additional 23,508 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in GoPro during the third quarter valued at approximately $266,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in GoPro by 27.5% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 485,295 shares of the company’s stock valued at $5,343,000 after acquiring an additional 104,766 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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About GoPro

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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