GoPro (NASDAQ:GPRO) Updates 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 guidance of -0.280–0.240 for the period, compared to the consensus earnings per share 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.

GoPro Price Performance

NASDAQ:GPRO opened at $1.84 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.35 and a current ratio of 1.73. The stock’s 50-day simple moving average is $2.07 and its 200 day simple moving average is $2.75. The company has a market cap of $275.82 million, a P/E ratio of -5.41 and a beta of 1.50. GoPro has a 52-week low of $1.67 and a 52-week high of $4.45.

GoPro (NASDAQ:GPRO) last released its earnings results on Wednesday, February 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business 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, sell-side analysts forecast that GoPro will post -0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated a neutral rating and issued a $2.00 price target on shares of GoPro in a research note on Tuesday, April 30th.

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.