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

GoPro

06/08/2024 23:39

* GoPro Inc  GPRO.OQ  reported a quarterly adjusted loss
of 24
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -7
cents.  The mean expectation of three analysts for the quarter
was for a loss of 25 cents per share. Wall Street expected
results to range from -25 cents to -24 cents per share.
    * Revenue fell 22.7% to $186.22 million from a year ago;
analysts
expected $170.02 million. 
    * GoPro Inc's reported EPS for the quarter was a loss of 31
cents​.
    * The company reported a quarterly loss of $47.82 million.
    * GoPro Inc shares had fallen by 7.0% this quarter and
lost 62.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 105.6% 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 no "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
$1.85 
This summary was machine generated from LSEG data August 6 at
10:39 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
 Jun. 30 2024      -0.25          -0.24          Beat
 Mar. 31 2024      -0.25          -0.21          Beat
 Dec. 31 2023      0.02           0.02           Met
 Sep. 30 2023      0.02           0.04           Beat