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Here’s What Analysts Expect from Fitbit in 1Q17

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Fitbit’s upcoming 1Q17 earnings

US-based (SPY) Fitbit (FIT) will be announcing its 1Q17 results on May 3, 2017. Analysts estimate that the company will post revenue of $280.4 million for the quarter, which ended March 31, 2017. Their low estimate is $270.6 million, and their high estimate is $288.1 million.

Analysts also expect FIT’s EPS (earnings per share) to be -$0.19, with a high estimate of -$0.17 and a low estimate of -$0.21. If Fitbit meets analysts’ revenue estimate of $280.4 million, it will mean a YoY (year-over-year) fall of 44.5% compared to 1Q16.

As you can see in the above graph, Fitbit posted EPS that was 12.0% below analysts’ consensus in 4Q16. Its EPS was -$0.56. In 1Q16 and 2Q16, Fitbit beat analysts’ EPS estimates by 233.0% and 9.1%, respectively.

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Revenue of $573.8 million in 4Q16

Fitbit’s 4Q16 results came in on February 22, 2017. The company reported revenue of $573.8 million, which was a YoY fall of 19.4% compared to $711.6 million in 4Q15. Its non-GAAP (generally accepted accounting principles) EPS fell to -$0.56 that quarter, compared to $0.35 in 4Q15.

Fitbit has a market cap of ~$1.3 billion. It competes in the wearables market with technology (QQQ) heavyweights such as Apple (AAPL) and Microsoft (MSFT) as well as Dick’s Sporting Goods (DKS). AAPL, MSFT, and DKS have market caps of $752.0 billion, $529.0 billion, and $5.7 billion, respectively.

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