GoPro sell-off ahead of Q4 earnings report ‘overdone’
GoPro (GPRO) hopes to get some big mo with its fourth-quarter earnings due out after the close Thursday. Analysts polled by Thomson Reuters expect the maker of Hero-brand action cameras to earn 70 cents a share minus items, up 94% year over year, on sales of $580 million, up 60%, for the holiday quarter. For the March quarter, Wall Street is modeling GoPro to earn 17 cents a share ex items, up 42%, on $325 million in sales, up 38%. GoPro was a darling of investors last fall after the company’s successful IPO. GoPro went public on June 26 at 24 and climbed to an all-time high of 98.47 on Oct. 7. Since then, it’s lost roughly half its value. GoPro stock was down 5% in early afternoon trading on the stock market today near 52. Citigroup slashed its price target on GoPro stock to 59 from 94 on Wednesday…