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Inside Fitbit's 3Q17 Performance

PART:
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

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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.

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