NEW YORK (TheStreet) -- Shares of GoPro (GPRO) - Get Report are up by 2.98% to $11.41 in late-afternoon trading on Monday, ahead of the company's fiscal 2016 second quarter results expected after Wednesday's market close.
Analysts surveyed at Thomson Reuters are expecting a loss of 58 cents per share on revenues of $194.31 million. Last year the company reported earnings of 35 cents per share on revenues of $419.919 million for the same quarter.
The San Mateo, CA-based action camera maker should meet or beat the low estimates, JPMorgansaid in an analyst note. The firm believes analysts are being too skeptical about GoPro and recommends buying it ahead of the company's second quarter results.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate GOPRO INC as a Sell with a ratings score of D. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: GPRO