What to Expect From GoPro Earnings

February 3, 2016 by Chris Lange

GoPro Inc. (NASDAQ: GPRO) is scheduled to report its fourth-quarter financial results after the markets close on Wednesday. The consensus estimates from Thomson Reuters call for no earnings and $496.10 million in revenue. In the same period from the previous year, the company posted $0.99 in earnings per share on revenue of $633.91 million.

This stock has been on the long way down after it debuted on the market in 2013. Shares were above $90 at one point, but since then they have slowly retreated to the current price level. The stock has been pushing lower lows, well below the IPO price, so a technical bounce might be out of the question, and calling a bottom now might not be realistic.

Previously, GoPro announced that it expects revenue to be roughly $435 million for the fourth quarter of 2015 and $1.6 billion for the calendar year.

Fourth-quarter revenue reflects lower than anticipated sales of its capture devices due to slower than expected sell through at retailers, particularly in the first half of the quarter. At the same time, fourth-quarter revenue includes a $21 million reduction for price protection related charges resulting from the HERO4 Session repricing in December.