Why Is GoPro (GPRO) Up 41.8% Since Last Earnings Report?

Core Viewpoint - GoPro's shares have increased by approximately 41.8% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Group 1: Earnings Report and Market Reaction - The most recent earnings report is crucial for understanding the catalysts affecting GoPro's stock performance [1] - Following the last earnings report, consensus estimates for GoPro have decreased by 27.27%, indicating a downward trend in expectations [2] Group 2: VGM Scores and Investment Strategy - GoPro currently holds a subpar Growth Score of D and a Momentum Score of C, while its Value Score is also rated D, placing it in the bottom 40% for this investment strategy [3] - The overall aggregate VGM Score for GoPro is F, suggesting that the stock may not be appealing across multiple investment strategies [3] Group 3: Future Outlook - The downward trend in estimates for GoPro indicates a significant shift in market sentiment, although it maintains a Zacks Rank of 2 (Buy), suggesting potential for above-average returns in the coming months [4]