GoPro Inc is all set to report its 1QFY15 earnings results on April 28. Specialty stores may have helped boost GoPro's sales in the March quarter because they may not have received adequate supply during the holidays.
GoPro Inc is ready to announce its first quarter fiscal year 2015 earnings report on Tuesday April 28 after market close. According to reports, the demand for cameras was more than company’s expectation during the quarter.
On April 22, in a report James Faucette, Yuuji Anderson and Meta Marshal analysts at Morgan Stanley retained their Equal-weight rating along with the stock price target of $57 on the company. Their estimation of 1.3 million units proposes a quarter-over-quarter decline of 50% in sell-through rates as the first quarter is always normally slow. However, according to their checks the sell-through rates might have only declined in the range of 30 to 40% in the 1QFY15.
The analysts also expect the company to perform better in the second quarter due to “the widening breadth of activity” at numerous retailers such as photography, skating and music stores. They stated that specialty retailers were not able to get enough stock in the holiday session and, therefore, are now witnessing high sell through rates.
In addition, the team of Morgan Stanley stated that it does not seem like as if the average selling price of GoPro Inc witnessed much of an issue. They also believe that the company will be able to surpass revenue guidance of $330 million to $340 million by the management of the company.
MS analysts retained their rating on company’s stock mainly because GoPro Inc needs to enhance its software platform. They also said that the company must come forward and take the charge of systematizing video editing and sharing via its own software platform.
Analysts at Stifel team expects the camera maker to post adjusted earnings of $0.17 per share as compared to the $0.18 a share consensus estimate on $343 million of revenue against $341 million of consensus. They also forecast minimum 1.4 million cameras shipment and nearly 10% decline in the normal selling price.
They also indicated that the company has been making heavy investments in new items. GoPro Inc. guided for general, selling & administrative expenditure of around $112.5 to $117.5 million for the quarter.
Consequently, the company will able to get more attention of the investors to its upcoming products, mainly the Hero5 cameras, which is expected to be launch later this year.
On April 22, in a report James Faucette, Yuuji Anderson and Meta Marshal analysts at Morgan Stanley retained their Equal-weight rating along with the stock price target of $57 on the company. Their estimation of 1.3 million units proposes a quarter-over-quarter decline of 50% in sell-through rates as the first quarter is always normally slow. However, according to their checks the sell-through rates might have only declined in the range of 30 to 40% in the 1QFY15.
The analysts also expect the company to perform better in the second quarter due to “the widening breadth of activity” at numerous retailers such as photography, skating and music stores. They stated that specialty retailers were not able to get enough stock in the holiday session and, therefore, are now witnessing high sell through rates.
In addition, the team of Morgan Stanley stated that it does not seem like as if the average selling price of GoPro Inc witnessed much of an issue. They also believe that the company will be able to surpass revenue guidance of $330 million to $340 million by the management of the company.
MS analysts retained their rating on company’s stock mainly because GoPro Inc needs to enhance its software platform. They also said that the company must come forward and take the charge of systematizing video editing and sharing via its own software platform.
Analysts at Stifel team expects the camera maker to post adjusted earnings of $0.17 per share as compared to the $0.18 a share consensus estimate on $343 million of revenue against $341 million of consensus. They also forecast minimum 1.4 million cameras shipment and nearly 10% decline in the normal selling price.
They also indicated that the company has been making heavy investments in new items. GoPro Inc. guided for general, selling & administrative expenditure of around $112.5 to $117.5 million for the quarter.
Consequently, the company will able to get more attention of the investors to its upcoming products, mainly the Hero5 cameras, which is expected to be launch later this year.
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