Inside Fitbit's 3Q17 Performance

1 2 3 4 5 6 7 8
Part 7
Inside Fitbit's 3Q17 Performance PART 7 OF 8

How Fitbit Views 4Q17 and Fiscal 2017

Revenue expectations for 4Q17

Fitbit (FIT) expects revenues between $570 million and $600 million for 4Q17. This would mean a YoY (year-over-year) revenue growth of between 1% and 5%.

Its non-GAAP (generally accepted accounting principles) EPS (earnings per share) expectation is between -$0.03 and $0.01 for 4Q17, with an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) between $1 million and $18 million.

How Fitbit Views 4Q17 and Fiscal 2017

Interested in FIT? Don't miss the next report.

Receive e-mail alerts for new research on FIT

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

For fiscal 2017, Fitbit expects revenues of $1.61 billion–$1.65 billion, with a non-GAAP gross margin of 42.5%–44%. Its non-GAAP EPS expectation for fiscal 2017 is between -$0.27 and -$0.23 for fiscal 2017, with free cash flow loss between $50 million and $30 million.

Analysts’ expectations in 4Q17 and fiscal 2017

Analysts expect consumer tech (QQQ) firm Fitbit to post revenues of $578.1 million in 4Q17, with a low revenue estimate of $503.5 million and a high estimate of $650.33 million. If Fitbit meets the analyst revenue estimate of $578.1 million, it would mean a YoY (year-over-year) rise of 0.8%, compared with revenues of $573.8 million in 4Q16. Fiscal 4Q17 might be the first quarter in fiscal 2017, wherein Fitbit could report a YoY rise in revenue.

Analysts expect Fitbit to post EPS of -$0.03 in 4Q17, with a low earnings estimate of -$0.15 and a high estimate of $0.15. In 4Q16, Fitbit posted earnings of -$0.56 per share.

For fiscal 2017, analysts expect Fitbit’s revenues to fall 25.5% YoY to $1.62 billion, compared with $2.2 billion in fiscal 2016. Its EPS expectation is -$0.32, compared with EPS of -$0.12 in fiscal 2016.

Fitbit is expected to return to revenue growth in fiscal 2018. Analysts expect Fitbit’s revenues to rise 7.6% YoY to $1.74 billion in fiscal 2018.


Please select a profession that best describes you: