There Is No Way For GoPro To Replicate Last Quarter's Performance

GoPro Inc GPRO is scheduled to announce its first quarter financial results on Tuesday, after the market close.

According to Estimize, both the crowd and the Street are expecting EPS and revenue above guidance of $0.16 and $335 million. Main Street projects EPS of $0.20 on revenue of $352.35 million, while Wall Street models consensus EPS of $0.17 on revenue of $338.7 million. Both these estimates imply a steep fall from last quarter’s stellar earnings of $0.99 per share, but an increase from the two previous quarters, which registered EPS of $0.12 and $0.08 (September and June quarters, respectively).

Related Link: 2 GoPro Charts Everyone Should See

The graph below illustrates the history of estimates versus actual earnings for GoPro:

It's also possible to see how estimates change over time.

While experts’ estimates have been pretty much flat over the quarter, only experiencing a small ramp up on late-March, the crowd’s projections have proven increasingly bullish.

Analysts Weigh In

In a recent Benzinga article, TipRanks looks into what analysts are saying about GoPro. Piper Jaffray’s Erinn Murphy expects the company to post strong earnings in the second half of 2015 driven by: “1) stronger than expected upgrade cycle success; 2) distribution expansion and continued sell through momentum in Europe & Asia and 3) ongoing strength of the $130 HERO as the consumer market for action cameras broadens.”

Related Link: Can GoPro Repeat Q4 Success In Q1?

Analysts at Citigroup are mixed regarding first quarter earnings: while they anticipate the company will deliver a topline beat, they are not projecting a large EPS beat. Specialist Jeremy David models EPS of $0.17 in the quarter on revenue of $346 million.