GoPro Inc reports results for the quarter ended in December - Earnings Summary

GoPro

07/02/2024 22:58

* GoPro Inc  GPRO.OQ  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 12
cents.  The mean expectation of three analysts for the quarter
was for earnings of 2 cents per share. Wall Street expected
results to range from 2 cents to 3 cents per share.
    * Revenue fell 8% to $295.42 million from a year ago;
analysts
expected $326.13 million. 
    * GoPro Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $2.42 million.
    * GoPro Inc shares had fallen by 13.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the household
electronics peer group is also "hold"

Wall Street's median 12-month price target for GoPro Inc is
$3.50 
This summary was machine generated from LSEG data February 7 at
10:58 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.02           0.02           Met
 Sep. 30 2023      0.02           0.04           Beat
 Jun. 30 2023      -0.07          -0.07          Met
 Mar. 31 2023      -0.14          -0.18          Missed