GoPro (NASDAQ:GPRO) Releases Q4 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.130–0.090 for the period, compared to the consensus estimate of 0.030. The company issued revenue guidance of $190.0 million-$210.0 million, compared to the consensus revenue estimate of $268.9 million. GoPro also updated its FY 2024 guidance to -2.470–2.430 EPS.

Analyst Ratings Changes

GPRO has been the topic of several analyst reports. Wedbush reissued a “neutral” rating and issued a $1.50 price target on shares of GoPro in a report on Wednesday. StockNews.com raised GoPro from a “sell” rating to a “hold” rating in a report on Friday, September 13th.

GoPro Stock Performance

Shares of GPRO stock traded up $0.01 during mid-day trading on Thursday, hitting $1.45. The stock had a trading volume of 2,246,129 shares, compared to its average volume of 1,686,238. The firm has a market cap of $221.46 million, a PE ratio of -0.56 and a beta of 1.56. The company’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.47 and a quick ratio of 1.07. GoPro has a fifty-two week low of $1.16 and a fifty-two week high of $3.80.

GoPro (NASDAQ:GPRO) last announced its earnings results on Tuesday, August 6th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. The business had revenue of $186.22 million for the quarter, compared to analyst estimates of $170.02 million. GoPro had a negative return on equity of 24.57% and a negative net margin of 42.19%. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) EPS. Sell-side analysts anticipate that GoPro will post -0.65 earnings per share for the current year.

GoPro Company Profile

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.