GoPro (NASDAQ:GPRO) Issues FY 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of -2.470–2.430 for the period, compared to the consensus EPS estimate of -0.430. The company issued revenue guidance of $790.0 million-$810.0 million, compared to the consensus revenue estimate of $864.7 million. GoPro also updated its Q4 2024 guidance to -0.130–0.090 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $1.50 price objective on shares of GoPro in a research report on Wednesday. StockNews.com upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research note on Friday, September 13th.

GoPro Price Performance

Shares of GPRO traded up $0.12 during mid-day trading on Friday, reaching $1.57. The company had a trading volume of 4,179,718 shares, compared to its average volume of 1,025,807. The company’s 50-day moving average is $1.32 and its 200-day moving average is $1.43. GoPro has a twelve month low of $1.16 and a twelve month high of $3.80. The company has a market capitalization of $239.79 million, a P/E ratio of -0.61 and a beta of 1.56. 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 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.