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

October 14, 2018 - By Marguerite Chambers

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 2.67% or $0.12 during the last trading session, reaching $4.62. About 9.36M shares traded or 67.34% up from the average. Fitbit, Inc. (NYSE:FIT) has declined 11.66% since October 14, 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), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Fitbit had 10 analyst reports since April 30, 2018 according to SRatingsIntel. Wedbush maintained it with “Neutral” rating and $6.5 target in Thursday, August 2 report. The stock of Fitbit, Inc. (NYSE:FIT) earned “Underperform” rating by Bank of America on Thursday, May 3. DA Davidson initiated Fitbit, Inc. (NYSE:FIT) rating on Monday, April 30. DA Davidson has “Hold” rating and $5.5000 target. The rating was reinitiated by William Blair on Wednesday, June 20 with “Market Perform”. Roth Capital maintained the stock with “Buy” rating in Tuesday, May 1 report. Craig Hallum maintained it with “Buy” rating and $1000 target in Monday, April 30 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, August 2 report. The firm earned “Hold” rating on Thursday, June 7 by Wedbush. The stock of Fitbit, Inc. (NYSE:FIT) earned “Underperform” rating by Bank of America on Thursday, August 2. The stock of Fitbit, Inc. (NYSE:FIT) has “Outperform” rating given on Friday, October 12 by Wedbush.

Fitbit, Inc. designs and sells connected health and fitness tracking devices. The company has market cap of $1.13 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 notable recent Fitbit, Inc. (NYSE:FIT) news were published by: Investorplace.com which released: “Why Fitbit Stock Is Climbing Higher Today” on October 12, 2018, also Benzinga.com with their article: “Analyst Upgrades Fitbit Ahead Of Push Into MedTech Space” published on October 12, 2018, Seekingalpha.com published: “Fitbit’s Significant Advantage Over The Apple Watch” on September 20, 2018. More interesting news about Fitbit, Inc. (NYSE:FIT) were released by: Seekingalpha.com and their article: “Fitbit Cares” published on September 25, 2018 as well as Seekingalpha.com‘s news article titled: “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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