GoPro (NASDAQ:GPRO) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
GoPro beat estimated earnings by 50.0%, reporting an EPS of $0.09 versus an estimate of $0.06.
Revenue was up $13.03 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 4.03% increase in the share price the next day.
Here's a look at GoPro's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.35 | 0.20 | 0.04 | |
| EPS Actual | 0.41 | 0.34 | 0.12 | 0.03 |
| Revenue Estimate | 382.63M | 292.19M | 232.31M | 186.69M |
| Revenue Actual | 391.15M | 316.67M | 249.59M | 203.68M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
GoPro management provided guidance for Q2 2022, expecting earnings between $0.04 and $0.08 per share.
To track all earnings releases for GoPro visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
