GoPro Facing A Bit Of Skepticism Heading Into Q4 Results?
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 2016||Bank of America||Initiates Coverage on||Buy|
|Jun 2016||Longbow Research||Initiates Coverage on||Neutral|
|Feb 2016||Morgan Stanley||Maintains||Underweight|
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