GoPro (NASDAQ:GPRO) Issues Q2 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.280–0.240 for the period, compared to the consensus estimate of -0.120. The company issued revenue guidance of $165.0 million-$175.0 million, compared to the consensus revenue estimate of $225.8 million.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a neutral rating and issued a $2.00 target price on shares of GoPro in a report on Wednesday.

GoPro Stock Performance

Shares of NASDAQ GPRO traded up $0.01 during mid-day trading on Thursday, reaching $1.72. 1,075,861 shares of the company were exchanged, compared to its average volume of 1,869,647. The stock has a market capitalization of $257.08 million, a P/E ratio of -5.01 and a beta of 1.50. The company has a quick ratio of 1.35, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. GoPro has a twelve month low of $1.65 and a twelve month high of $4.45. The company’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $2.73.

GoPro (NASDAQ:GPRO) last posted its earnings results on Wednesday, February 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $295.42 million for the quarter, compared to the consensus estimate of $326.99 million. GoPro had a negative return on equity of 11.66% and a negative net margin of 5.29%. As a group, research analysts predict that GoPro will post -0.38 earnings per share for the current year.

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.