On Wednesday, August 05, Fitbit FIT will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Fitbit EPS is expected to be around $-0.22, according to sell-side analysts. Sales will likely be near $189.00 million. In the same quarter last year, Fitbit announced EPS of $-0.140 on revenue of $313.56 million. The Wall Street estimate would represent a 57.14% decline in the company's earnings. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.16 | 0.03 | -0.1 | -0.18 |
| EPS Actual | -0.24 | -0.12 | -0.1 | -0.14 |
| Revenue Estimate | 265.99 M | 523.21 M | 345.26 M | 311.98 M |
| Revenue Actual | 188.16 M | 502.14 M | 347.20 M | 313.56 M |
Stock Performance
Over the last 52-week period, shares are up 99.69%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Fitbit is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.fitbit.com%2Foverview%2Fir-events-and-presentations%2Fdefault.aspx&eventid=2079372&sessionid=1&key=86CD4DA84ECDC4D4928B6183EF9CFD88®Tag=&sourcepage=register
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