GoPro, Inc. (NASDAQ:GPRO) Beats Earnings by 50% percent

GoPro, Inc. (NASDAQ:GPRO) moved up 0.4% and closed its last trading session at $10.07. This Consumer Discretionary Sector stock currently has the Market Capitalization of 1.42 Billion. The Average Volume for the stock is measured as 4.56 Million. The Stock has a 52-Week High of $17.68 and 52-Week Low of $8.54 following the dates, it touched its 52-Week High on Oct 5, 2016 and 52-Week Low on Dec 15, 2016. Currently, the Return on Assets value for the trailing twelve months is -35.6% with the Return on Equity and Return on Investment of -52.8% and 5% respectively. This firm currently has YTD (year to date) performance of 15.61 Percent which is awesome. The Short Ratio for the stock is 7.32.

GoPro, Inc. (NASDAQ:GPRO) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-2.44. The TTM operating margin is -35.8 percent.

GoPro, Inc. (NASDAQ:GPRO) reports its Earnings on Thu 2 Feb (In 4 Days). The estimated EPS for the current quarter is said to be $0.12. Following Earnings result, share price were DOWN 7 times out of last 10 Qtrs. The stock has reduced about -15.7% since it reported its last earnings. The Closing price of GoPro, Inc. (NASDAQ:GPRO) at Last Earnings was $11.94 as compared to the previous closing price of $10.07. The Predicted Move on the 7th day after GoPro, Inc. (NASDAQ:GPRO) will release its earnings at about 11%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, GoPro, Inc. (NASDAQ:GPRO) beats earnings by 50%, The Stock Missed Earnings  5  times and has met earnings  0 times.

Earnings History:

We will discuss the past Quarters Earnings below:

GoPro, Inc. (NASDAQ:GPRO) reported its previous quarter on 11/03/2016 where it reported the Actual Earnings of $-0.6. The Closing price before the company posted its earnings was $11.94. The Stock declined on the very next day of earnings and maintained its stock price at $11.16 by showing a % change of -6.53 percent from its previous closing price. The Next Day Volume after Earnings was reported as 29.46 Million. On the 7th day After Earnings Report, the stock hit its share price as $10.21 by showing -14.49% decrease from the Stock price Before Earnings were reported.

On 07/27/2016, the stock reported the EPS of $-0.52 where Analysts were projecting the EPS to be $-0.58 showing a difference of $0.06. Thus Surprise Factor was there with 10.3 percent. Before Earnings Announcement on 07/27/2016, the firm had its stock price of $11.57. And immediately on the next day after earnings announcement, the stock inclined 12.53% and closed its trading session at $13.02. On 7th Day after earnings release, GoPro, Inc. (NASDAQ:GPRO) surged to 14.95% from $11.57 to $13.3.

On 05/05/2016, Analysts were suspecting EPS of $-0.6/share where GoPro, Inc. (NASDAQ:GPRO) reported its Actual EPS of $-0.63. Thus showing a Surprise of -5 percent. The Closing Price of the stock before earnings was $10.71 while on the Next day the stock closed its trading session at $10.46 with a percentage change of -2.33% from the price of 10.71 before Earnings. The Stock Closing Price on the 7th day of earnings was $8.82.

Company Profile:

GoPro, Inc. develops and sells mountable and wearable cameras, and accessories in the United States and internationally. The company offers HERO line of capture devices, such as cameras; and mounts comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and grip and tripod mounts that enable consumers to capture content while engaged in a range of activities, as well as mounts that enable customers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps. It also provides LCD Touch BacPac, Battery BacPac, Smart Remote, and Floaty Backdoor accessories, as well as spare batteries, charging accessories, cables to connect its GoPro cameras to television monitors, video transmitters and external microphones, flotation devices, dive filters, and anti-fogging solutions. In addition, the company offers GoPro Studio, a video editing tool that allows users to create professional quality videos from their content; and GoPro App that allows users to control GoPro cameras remotely using a smartphone or tablet. GoPro, Inc. markets and sells its products through retailers and distributors, as well as through its Website. The company was formerly known as Woodman Labs, Inc. and changed its name to GoPro, Inc. in February 2014. GoPro, Inc. was founded in 2004 and is headquartered in San Mateo, California.