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What Wall Street Expects for GoPro in Q1 2019

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Apr. 25 2019, Published 12:42 p.m. ET

Revenue growth of 15.9%

Consumer technology company GoPro (GPRO) is set to announce its first-quarter earnings results on May 2. Analysts expect the company’s sales to rise 15.9% YoY (year-over-year) to $234.42 million from $202.35 million. In comparison, they expect Fitbit’s (FIT) and Garmin’s (GRMN) sales to rise ~4.8% and ~2.8%, respectively, in the first quarter, and Fossil’s (FOSL) to fall 20%.

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Earnings estimated to grow 73.5%

In the first quarter, GoPro’s non-GAAP EPS are expected to grow much more than its revenue, by an impressive 73.5% YoY from -$0.34 to -$0.09. As shown in the chart above, GoPro has beaten analysts’ earnings estimates in each of the last four quarters. The company’s Q4 2018 EPS of $0.30 were 15.4% higher than analysts’ estimate of $0.26, and its Q3 2018 EPS of -$0.04 were 33% higher than their estimate of -$0.06. Its Q2 2018 EPS of -$0.22 were 32% higher than analysts’ -$0.15 estimate, and its Q1 2018 EPS of -$0.38 were 10.5% higher than their -$0.34 estimate.

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