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What Do Analysts Expect from Fitbit in Q1 2019?

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Apr. 9 2019, Published 12:35 p.m. ET

Fitbit’s revenue is expected to rise 4.8% in the first quarter

Fitbit (FIT) is set to announce its first-quarter earnings results on May 1, 2019. Analysts expect the company to post sales of $259.71 million in the first quarter, a rise of 4.8% YoY (year-over-year) compared to sales of $247.87 million in the first quarter of 2018.

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Earnings growth expected to be negative for Fitbit

Fitbit’s non-generally accepted accounting principles EPS are expected to fall 29.4% YoY from -$0.17 in the first quarter of 2018 to -$0.22 in the first quarter of 2019.

Fitbit has managed to beat analysts’ earnings estimates in each of the last four quarters. The company posted EPS of $0.14 in the fourth quarter of 2018, far above analysts’ estimate of $0.07. It posted EPS of $0.04 in the third quarter of 2018, 500% above the estimate of -$0.01. As we can see in the chart above, Fitbit exceeded its third-quarter earnings estimate of -$0.24, reporting earnings of -$0.22.

The company also exceeded analysts’ consensus earnings estimate of -$0.2 by 15% with EPS of -$0.17 in the first quarter of 2018. Fitbit stock has risen ~24% over the last 12 months partially driven by its earnings beats.

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