GoPro (GPRO) Reports Break-Even Earnings for Q3

Company Performance - GoPro reported break-even quarterly earnings per share, compared to a Zacks Consensus Estimate of a loss of $0.04, and earnings of $0.04 per share a year ago, representing an earnings surprise of 100% [1] - The company posted revenues of $258.9 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.56%, but down from year-ago revenues of $294.3 million [2] - Over the last four quarters, GoPro has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - GoPro shares have lost about 58.5% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The current status of estimate revisions translates into a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.05 on revenues of $269.17 million, and for the current fiscal year, it is -$0.42 on revenues of $865.76 million [7] - The outlook for the Audio Video Production industry, where GoPro operates, is currently in the bottom 29% of Zacks industries, which may impact stock performance [8]