11/13/2023 0 Comments Gopro quik reviewThe Zacks Consensus Estimate for Badger Meter’s 2023 earnings has gained 6.3% in the past 60 days to $2.86 per share. You can see the complete list of today’s Zacks #1 Rank stocks here. Badger Meter flaunts a Zacks Rank #1 (Strong Buy) while each of Salesforce and Autodesk carries a Zacks Rank #2 (Buy). Some better-ranked stocks worth consideration in the broader technology space are Badger Meter BMI, Salesforce CRM and Autodesk ADSK. GoPro currently has a Zacks Rank #4 (Sell). Street ASP is projected to be nearly $355. Gross margin is anticipated to be 34% (+/- 50 basis points). Non-GAAP adjusted earnings are expected to be 2 cents per share (+/- 2 cents). Guidanceįor the third quarter of 2023, revenues are estimated to be $280 million (+/- $10 million). GPRO repurchased 3.6 million shares worth $15 million. In the quarter under review, GoPro used $7.9 million of net cash from operating activities against $12.9 million of cash generated from operations in the year-ago period.Īs of Jun 30, the company had $189.9 million of cash and cash equivalents with $141.5 million of long-term debt. This was mainly due to the company’s price protection charges related to the new pricing strategy, and momentum in lower margin entry-level cameras.Ĭameras with suggested retail prices at or above $400 contributed 75% to revenues in the reported quarter compared with 93% in the prior-year quarter. Adjusted EBITDA loss was $10.3 million against adjusted EBITDA income of $16.9 million in the year-ago quarter. Non-GAAP gross margin was 31.6% compared with 38.5% in the year-ago quarter. Operating loss totaled $22.5 million against operating income of $4.7 million in the prior-year quarter. Total operating expenses of $98.3 million improved 7.6% year over year. Gross profit of $75.8 million decreased 21% year over year. The company had $135.4 million in inventory compared with $126 million in the year-earlier quarter. Our estimate for segmental revenues was pegged at $123 million. Retail channel registered revenues of $165.4 million (68.6%), up 6.4% from the year-ago quarter’s levels. Subscription revenues amounted to $24.4 million, climbing 21.4% year over year. In this channel, hardware revenues totaled $51.2 million compared with $75.2 million in the previous-year quarter. Quoteīased on channels, revenues from reached $75.6 million (31.4% of total revenues), up 20.7% year over year. price-consensus-eps-surprise-chart | GoPro, Inc.
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