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Fly News Breaks for April 9, 2019
GPRO
Apr 9, 2019 | 07:22 EDT
Longbow analyst Nikolay Todorov raised his first half sales and EPS forecasts for GoPro, stating that online indicators and his channel checks suggest that the company's camera mix is skewing towards HERO7 Black more than he expected. He believes revenue and EPS are tracking towards the high-end of GoPro's first half guidance, at least, and views consensus for 2Q sales and EPS as too low, Todorov tells investors. However, he keeps a Neutral rating on the stock, citing questions that remain regarding unit growth and a shrinking market over time.
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