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Fitbit (NYSE:FIT) announces its next round of earnings this Wednesday, July 31. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.
Earnings and Revenue
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Fitbit's per-share loss will be near 18 cents on sales of $311.98 million, according to Wall Street analysts.
Fitbit EPS in the same period a year ago was a loss of 22 cents. Revenue was $299.34 million. Sales would be up 4.22% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | -0.220 | 0.07 | -0.01 | -0.24 |
| EPS Actual | -0.150 | 0.14 | 0.04 | -0.22 |
Stock Performance
Over the last 52-week period, shares of Fitbit have declined 23.83%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating from analysts on Fitbit stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Fitbit is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://event.on24.com/wcc/r/2020836/742B994567A8106C361099DFA1347137
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.