Average revenue estimate of $589.1 million
Fitbit (FIT) plans to announce its 4Q17 results on February 24. Analysts expect it to post revenue of $589.1 million for the quarter, which ended in December 2017. Wall Street has a low revenue estimate of $583.3 million and a high estimate of $600.64 million for Fitbit in 4Q17. If Fitbit meets the average revenue estimate of $583.3 million, it would mean a YoY (year-over-year) rise of 2.7%, compared to $573.77 million in fiscal 4Q16.
Analysts expect Fitbit to post non-GAAP (generally accepted accounting principles) EPS (earnings per share) of -$0.01 with a low estimate of -$0.03 and a high estimate of $0.02. In fiscal 4Q16, Fitbit reported EPS of -$0.56.
Fitbit beat earnings estimates in three of the last four quarters
As you can see in the chart above, Fitbit has beaten analysts’ average EPS estimates in three of the last four quarters. It posted EPS of -$0.01 in 3Q17, beating analysts’ estimate of -$0.03 by 67%. It posted EPS of -$0.08 and -$0.15 in fiscal 2Q17 and 1Q17, respectively, beating estimates by 47% and 21%.