GoPro (NASDAQ:GPRO) Announces Quarterly Earnings Results, Misses Expectations By $0.12 EPS

GoPro (NASDAQ:GPRO) announced its quarterly earnings data on Thursday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12), Zacks reports. GoPro had a negative net margin of 44.37% and a negative return on equity of 33.48%.

GoPro Stock Performance

Shares of GPRO stock traded down $0.01 during trading hours on Thursday, reaching $1.08. The company had a trading volume of 4,561,239 shares, compared to its average volume of 1,907,869. The business has a fifty day moving average price of $1.11 and a 200-day moving average price of $1.25. GoPro has a one year low of $0.89 and a one year high of $3.03. The firm has a market cap of $167.14 million, a PE ratio of -0.41 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32.

Wall Street Analyst Weigh In

Separately, Wedbush reaffirmed a “neutral” rating and set a $1.50 price target on shares of GoPro in a report on Friday, January 31st.

About GoPro

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.