GoPro beats estimates in Q3, EPS up 19%

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GOPRO ($NASDAQ:GPRO): GoPro, Inc. is an American tech company specializing in manufacturing action cameras and developing related software and accessories. The company announced their Q3 results today, with Non-GAAP EPS of $0.19 beating estimates by $0.03. The company has been able to adapt and continue growing by expanding their product offerings and focus on direct-to-consumer sales.

Looking ahead, GoPro is optimistic about their prospects and expect to continue growing. They are well-positioned to capitalize on the growing trend of people spending more time outdoors and participating in active lifestyles.

Earnings

This represents a 1.2% increase in total revenue and a 0.4% increase in net income compared to the same period last year. GoPro‘s strong financial results are thanks to its continued focus on delivering innovative and high-quality products and services to its customers. The company’s products are widely recognized as being among the best in the industry, and its customer base continues to grow. GoPro’s focus on delivering value to its customers is evident in its strong financial results.

Market Price

Despite some market volatility, GoPro beat estimates in their Q3 earnings report. GoPro remains optimistic about the future, and is poised to capitalize on recent changes in the market.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on GOPRO are made simple by VI app. According to VI Star Chart GOPRO has an intermediate health score of 6/10 with regard to its cashflows and debt, might be able to safely ride out any crisis without the risk of bankruptcy. GOPRO is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth.

What type of investors may interested in such company? GOPRO is strong in asset, profitability, medium in growth and weak in dividend.

VI Peers

In recent years, GoPro Inc has faced stiff competition from Sonos Inc, B&C Speakers SpA, Bang & Olufsen A/S, and other companies in the market for portable speakers. GoPro Inc has responded by innovating its product line and expanding its market share.

– Sonos Inc ($NASDAQ:SONO)

Sonos Inc is a publicly traded company that manufactures and sells wireless speakers and home audio systems. As of 2022, the company has a market capitalization of 1.81 billion dollars and a return on equity of 11.22%. Sonos was founded in 2002 and is headquartered in Santa Barbara, California. The company sells its products through a network of retailers and distributors worldwide.

– B&C Speakers SpA ($LTS:0OM7)

B&C Speakers SpA is a leading manufacturer of professional loudspeakers, PA systems, and related products. The company has a market cap of 118.99M as of 2022 and a Return on Equity of 25.26%. B&C Speakers SpA’s products are used in a wide range of applications, including live sound, recording, broadcast, and installed sound. The company’s products are sold through a network of authorized dealers and distributors worldwide.

– Bang & Olufsen A/S ($OTCPK:BGOUF)

Bang & Olufsen A/S is a world-renowned provider of high-end audio and visual products. The company has a market capitalization of 136.77 million as of 2022 and a return on equity of -4.5%. Bang & Olufsen was founded in 1925 and is headquartered in Denmark. The company’s products are sold in more than 100 countries worldwide. Bang & Olufsen is best known for its innovative, high-quality audio and visual products. The company’s product portfolio includes televisions, radios, sound systems, and portable speakers. Bang & Olufsen is committed to providing its customers with the best possible experience. The company’s products are designed to meet the needs of its customers and to exceed their expectations.

Summary

Investing in GoPro can be a risky proposition. The company is highly dependent on consumer spending, and any slowdown in the economy could cause sales to slump. Additionally, GoPro faces stiff competition from other companies in the action camera market, and it remains to be seen whether it can continue to grow its market share.

However, GoPro’s products are highly popular and the company has a strong brand. If you’re comfortable with the risks, investing in GoPro could be a rewarding experience.