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MarketScreener Homepage  >  Equities  >  Nasdaq  >  GoPro, Inc.    GPRO

GOPRO, INC.

(GPRO)
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GoPro : quarterly revenue beats on 'Hero' camera demand, shares rise

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11/07/2019 | 04:29pm EST
Illustration photo of a GoPro camera

GoPro Inc beat analysts' estimates for third-quarter revenue on Thursday, boosted by demand for its new Hero camera, sending its shares up 11% in after-market trading.

Through its flagship "HERO" line, the company is trying to differentiate its premium-priced offerings from smartphones with improved cameras, as it looks to lure back action junkies.

GoPro launched two new cameras including a ramped up version of its HERO line in October.

"Both products (HERO8 Black and MAX) appear to be unquestionable hits with consumers and we're optimistic about their impact on our business going forward," Chief Executive Officer Nicholas Woodman said.

The action-camera maker's revenue fell about 54% to $131.2 million, beating estimates of $126.4 million, according to IBES data from Refinitiv.

The company's net loss widened to $74.8 million, or 51 cents per share, in the third quarter ended Sept. 30, from $27.1 million, or 19 cents per share, a year earlier.

Excluding items, the company lost 42 cents per share, smaller than the expectations of a loss of 48 cents.

(Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)

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Financials (USD)
Sales 2019 1 237 M
EBIT 2019 63,7 M
Net income 2019 -7,79 M
Finance 2019 56,2 M
Yield 2019 -
P/E ratio 2019 -74,4x
P/E ratio 2020 59,8x
EV / Sales2019 0,43x
EV / Sales2020 0,37x
Capitalization 585 M
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Technical analysis trends GOPRO, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 5,08  $
Last Close Price 4,00  $
Spread / Highest target 75,0%
Spread / Average Target 27,1%
Spread / Lowest Target -18,8%
EPS Revisions
Managers
NameTitle
Nicholas Woodman Chairman & Chief Executive Officer
Kevin Hinge Senior Vice President-Operations
Brian McGee CFO, Principal Accounting Officer & Executive VP
Sandor Barna Chief Technology Officer & Senior Vice President
Kenneth A. Goldman Lead Independent Director
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