GoPro (GPRO) Guides Q4 Well Short of Consensus
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Poor New Product Sales Negatively Effect GoPro's (GPRO) 3Q Revenue; Northland Capital Markets Cuts Price Target to $39
October 29, 2015 10:38 AM EDTNorthland Capital Markets maintained an Outperform rating on GoPro (NASDAQ: GPRO), and cut the price target to $39.00 (from $80.00), following the company's 3Q earnings results. GPRO reported non-GAAP earnings of $0.25, $0.04 below guidance of $0.29-$0.32. Revenue was negatively impacted by weak sales of GPROs new... More
Oppenheimer Remains Sidelined Following a Rough 3Q for GoPro (GPRO)
October 29, 2015 9:32 AM EDTOppenheimer maintained a Perform rating on GoPro (NASDAQ: GPRO) following the company's 3Q earnings results and guidance. GPRO guided 4Q sales at $500-550M vs. consensus of $675M, and EPS at $0.35-0.45. GPRO also announced a $300M share repurchase program and more aggressive marketing... More
Dougherty & Co. Trims PT on GoPro (GPRO) to $30; Guidaance Worse than Expecte
October 29, 2015 6:43 AM EDTDougherty & Co. lowers its price target on Buy-rated GoPro (Nasdaq: GPRO) from $32 down to $30 following Q3 results and outlook.
Analyst Charles Anderson noted the following points from the company's Q3 report on Wednesday night:
GoPro delivered Q315 results that exceeded our recently lowered estimates ($400MM/$0.25 vs. our $370MM/$0.16), but then guided to Q415 results well below recently-lowered expectations: $525MM/$0.40 at the mid-point vs. our $625MM/$0.70. In very simple terms, GoPro is... More
