Scalper1 News
GoPro (GPRO) is expected to see its growth slow in Q1. The action camera maker has posted three straight quarters of accelerating sales growth. But Wall Street is modeling for March-quarter sales growth to ease on a year-over-year basis. GoPro is scheduled to report earnings after the market close Tuesday. Analysts polled by Thomson Reuters expect GoPro to earn 18 cents a share excluding items, up 50% year over year, on sales of $341 million, up 45%. Over the last three quarters, GoPro has seen year-over-year sales growth of 38%, 46% and 75%. For Q2, Wall Street is looking for GoPro to earn 16 cents a share minus items, up 100%, on sales of $334 million, up 36%. Dougherty & Co. analyst Charles Anderson reiterated his buy rating on GoPro stock Monday with a price target of 55. In early afternoon trading Monday, GoPro was up… Scalper1 News
Scalper1 News