GoPro, Inc. (NASDAQ:GPRO) Skyrockets Despite Results Implies A Wipeout on

What to watch for: This will be GoPro's last quarter before it kicks off the busy holiday shopping season, however things aren't off to a great start, according to Pacific Crest Securities analyst Brad Erickson, whose checks indicate that GoPro's sell-through declined month-over-month in October.

GoPro has topped the FactSet consensus in every quarter since its June 2014 IPO, and has come in ahead of the Estimize consensus in every quarter since the period ending in September 2014.

GoPro sales in the fourth quarter appear to be off to a slow start, Pacific Crest Securities analyst Brad Erickson said in a research report Sunday.

GoPro, Inc., formerly Woodman Labs, Inc., develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content. The Company's mountable and wearable cameras and accessories, which the Company refer to as capture devices, enable professional-quality capture and exceptional versatility. In addition, and perhaps more importantly, look for whether the relative strength of the HERO4 Black and Silver models have made up for that underperformance.

GoPro has opportunities to grow next year as it enters new product categories like drones for flying cameras. GoPro delayed the launch till sometime in next year, on the pretense of upgrading it with new features. "In the first week, the GoPro creative community submitted 27,000 content submissions." 5. The company said China was "the fastest growing market in GoPro's history". GoPro Studio, its desktop application, and the GoPro App, reflect the early stages of its content management platform strategy.

Revenue from its Americas market fell 7 percent to $190.8 million.

For the same quarter past year, the corporation had EPS of $0.12 and revenue of $279.9 million, beating the estimate of $0.08 and $264.18 million, respectively. Despite its torrid top- and bottom-line growth since going public, shares now trade at just 25.8 times trailing-12-month earnings, and below 15 times next year's estimates. That might be a fair price if GoPro's growth is indeed showing signs of deterioration as the market fears. But if GoPro manages to prove the naysayers wrong, let it suffice to say that GoPro stock won't stay down for long.