GoPro Q2 Earnings Preview

On Thursday, August 1, GoPro GPRO will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings and Revenue

GoPro EPS is expected to be around 4 cents, according to sell-side analysts. Sales will likely be near $302.29 million.

In the same quarter last year, GoPro reported a loss per share of 15 cents on sales of $282.68 million. The Wall Street estimate would represent a 126.67% increase in the company's earnings. Sales would be up 6.94% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Stock Performance

Over the last 52-week period, shares are down 5.1%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts generally rate GoPro stock as Neutral. 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 it can be accessed here: https://event.on24.com/wcc/r/2021118/4F034C7DD2EDA361A38B1D3F8951B3E0