EPS for Fitbit, Inc. (FIT) Expected At $-0.09

October 11, 2018 - By Richard Conner

Fitbit, Inc. (NYSE:FIT) Logo

Analysts expect Fitbit, Inc. (NYSE:FIT) to report $-0.09 EPS on November, 7.They anticipate $0.02 EPS change or 18.18 % from last quarter’s $-0.11 EPS. After having $-0.33 EPS previously, Fitbit, Inc.’s analysts see -72.73 % EPS growth. The stock increased 1.29% or $0.06 during the last trading session, reaching $4.71. About 2.15M shares traded. Fitbit, Inc. (NYSE:FIT) has declined 11.66% since October 11, 2017 and is downtrending. It has underperformed by 27.28% the S&P500.

Fitbit, Inc. (NYSE:FIT) Ratings Coverage

Among 7 analysts covering Fitbit (NYSE:FIT), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Fitbit had 9 analyst reports since April 30, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, August 2 by Stifel Nicolaus. The stock has “Neutral” rating by Wedbush on Thursday, August 2. As per Monday, April 30, the company rating was initiated by DA Davidson. The stock of Fitbit, Inc. (NYSE:FIT) earned “Buy” rating by Roth Capital on Tuesday, May 1. On Thursday, June 7 the stock rating was maintained by Wedbush with “Hold”. The firm has “Market Perform” rating by William Blair given on Wednesday, June 20. The rating was maintained by Bank of America with “Underperform” on Thursday, August 2. Craig Hallum maintained Fitbit, Inc. (NYSE:FIT) rating on Monday, April 30. Craig Hallum has “Buy” rating and $1000 target. The company was maintained on Thursday, May 3 by Bank of America.

Fitbit, Inc. designs and sells connected health and fitness tracking devices. The company has market cap of $1.16 billion. The firm offers Fitbit Zip, an entry-level wireless activity tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; and Fitbit Flex 2, a water-resistant fitness wristband that tracks pool swims comprising laps, duration, and calories burned in the Fitbit App. It currently has negative earnings. It also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the user's phone and SmartTrack automatic exercise recognition; Fitbit Charge 2, a wireless heart rate and activity wristband; Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and run cues; and Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch.

More important recent Fitbit, Inc. (NYSE:FIT) news were published by: Seekingalpha.com which released: “Fitbit: Apple Watch Is No Threat” on September 16, 2018, also Seekingalpha.com published article titled: “Fitbit Cares”, Seekingalpha.com published: “Fitbit’s Significant Advantage Over The Apple Watch” on September 20, 2018. More interesting news about Fitbit, Inc. (NYSE:FIT) was released by: Seekingalpha.com and their article: “Fitbit +2.3% on coaching solution, expanded Humana partnership” with publication date: September 19, 2018.

Fitbit, Inc. (NYSE:FIT) Ratings Chart

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