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GoPro Facing A Bit Of Skepticism Heading Into Q4 Results?

GoPro Facing A Bit Of Skepticism Heading Into Q4 Results?
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GoPro Looks to Have Bottomed (GuruFocus)

GoPro Inc (NASDAQ: GPRO) faces a fair amount of investor skepticism as it prepares to release fourth-quarter earnings Thursday.

Of 15 analysts following the action camera maker, 10 maintain Hold ratings, four rate the company at Buy and one at Sell, according to FactSet.

Short interest, meanwhile, represented more than 54 percent of GoPro's 26.3 million shares outstanding as of January 15.

Although down a tad from two weeks earlier, short interest has been generally trending up even as GoPro lost 35 percent of its value in the past three months.

Related Link: Wedbush Expects 'Large' Q4 Beat From GoPro

Analysts, on average expect fourth-quarter earnings of $0.70 a share, on revenue of $580.33 million.

Earnings estimates range between $0.67 and $0.73 a share, while revenue forecasts run from $563.9 million to $600 million.

GoPro, which raised $200.8 million in a July 1 initial public offering, has since then seen its share price gain 74 percent, despite more recent market trends.

The company closed Tuesday at $54.57, up more than 4 percent.

Latest Ratings for GPRO

Sep 2016Bank of AmericaInitiates Coverage onBuy
Jun 2016Longbow ResearchInitiates Coverage onNeutral
Feb 2016Morgan StanleyMaintainsUnderweight

View More Analyst Ratings for GPRO
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Posted-In: Analyst Ratings Trading Ideas Best of Benzinga


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