GoPro (NASDAQ:GPRO) Updates FY 2024 Earnings Guidance

GoPro (NASDAQ:GPRO) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of -2.470–2.430 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

GPRO has been the subject of several research reports. Wedbush reiterated a “neutral” rating and issued a $1.50 price target 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 NASDAQ:GPRO traded up $0.12 during trading on Friday, reaching $1.57. 4,179,718 shares of the company traded hands, compared to its average volume of 1,025,807. The firm has a market capitalization of $239.79 million, a PE ratio of -0.61 and a beta of 1.56. The company’s 50 day moving average is $1.32 and its two-hundred day moving average is $1.43. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.50. GoPro has a 52 week low of $1.16 and a 52 week high of $3.80.

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.