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

GoPro (NASDAQ:GPRO) announced its quarterly earnings data on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Down 0.9 %

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

Analyst Ratings Changes

Separately, Wedbush reiterated 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.