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Will Fitbit Beat Analyst Revenue and Earnings Estimates in 4Q17?

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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

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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%.

Fitbit has a market cap of $1.3 billion. Its peers Fossil (FOSL), Garmin (GRMN), and Nokia (NOK) have market caps of $704 million, $12.2 billion, and $34 billion, respectively.

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