20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
On Wednesday, February 5, GoPro (NASDAQ:GPRO) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Sell-side analysts expect GoPro's EPS to be near 79 cents on sales of $569.85 million.
GoPro reported a profit of 30 cents when it published results during the same quarter last year. Sales in that period totaled $377.38 million. If the company were to report inline earnings when it publishes results Wednesday, earnings would be up 163.33%. Revenue would be up 51.00% on a year-over-year basis. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | -0.480 | 0.04 | -0.090 | 0.25 |
| EPS Actual | -0.420 | 0.030 | -0.070 | 0.3 |
Stock Performance
Over the last 52-week period, shares are down 18.85%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with GoPro. The strength of this rating has maintained conviction over the past three months.
Conference Call
GoPro is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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