Action camera company GoPro (NASDAQ: GPRO) will be reporting results this Monday after market close. Here’s what to expect.
GoPro beat analysts’ revenue expectations by 7.8% last quarter, reporting revenues of $134.3 million, down 13.6% year on year. It was a strong quarter for the company, with a decent beat of analysts’ EBITDA estimates.
Is GoPro a buy or sell going into earnings? Read our full analysis here, it’s free.
Adjusted loss is expected to come in at -$0.06 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GoPro has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.9% on average.
Looking at GoPro’s peers in the consumer electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Sonos’s revenues decreased 13.2% year on year, beating analysts’ expectations by 5.1%, and Apple reported revenues up 9.6%, topping estimates by 5%. Sonos traded up 3% following the results while Apple was down 2.6%.
Read our full analysis of Sonos’s results here and Apple’s results here.
Investors in the consumer electronics segment have had steady hands going into earnings, with share prices flat over the last month. GoPro is up 64.6% during the same time and is heading into earnings with an average analyst price target of $0.50 (compared to the current share price of $1.30).
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