Fitbit, Inc. (FIT) Analysts See $-0.09 EPS

October 14, 2018 - By Nellie Frank

Fitbit, Inc. (NYSE:FIT) Logo

Analysts expect Fitbit, Inc. (NYSE:FIT) to report $-0.09 EPS on November, 7.They anticipate $0.02 EPS change or 18.18 % from last quarter’s $-0.11 EPS. After having $-0.33 EPS previously, Fitbit, Inc.’s analysts see -72.73 % EPS growth. The stock increased 2.67% or $0.12 during the last trading session, reaching $4.62. About 9.36M shares traded or 67.34% up from the average. Fitbit, Inc. (NYSE:FIT) has declined 11.66% since October 14, 2017 and is downtrending. It has underperformed by 27.28% the S&P500.

Fitbit, Inc. (NYSE:FIT) Ratings Coverage

Among 7 analysts covering Fitbit (NYSE:FIT), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Fitbit had 10 analyst reports since April 30, 2018 according to SRatingsIntel. The company was upgraded on Friday, October 12 by Wedbush. The company was maintained on Monday, April 30 by Craig Hallum. The firm has “Hold” rating by Wedbush given on Thursday, June 7. The rating was initiated by DA Davidson with “Hold” on Monday, April 30. On Wednesday, June 20 the stock rating was reinitiated by William Blair with “Market Perform”. The company was maintained on Thursday, August 2 by Stifel Nicolaus. Bank of America maintained the shares of FIT in report on Thursday, August 2 with “Underperform” rating. Roth Capital maintained the stock with “Buy” rating in Tuesday, May 1 report. Wedbush maintained Fitbit, Inc. (NYSE:FIT) rating on Thursday, August 2. Wedbush has “Neutral” rating and $6.5 target. The rating was maintained by Bank of America on Thursday, May 3 with “Underperform”.

Fitbit, Inc. designs and sells connected health and fitness tracking devices. The company has market cap of $1.13 billion. The firm offers Fitbit Zip, an entry-level wireless activity tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; and Fitbit Flex 2, a water-resistant fitness wristband that tracks pool swims comprising laps, duration, and calories burned in the Fitbit App. It currently has negative earnings. It also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the user's phone and SmartTrack automatic exercise recognition; Fitbit Charge 2, a wireless heart rate and activity wristband; Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and run cues; and Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch.

More notable recent Fitbit, Inc. (NYSE:FIT) news were published by: which released: “Fitbit +2.3% on coaching solution, expanded Humana partnership” on September 19, 2018, also with their article: “Fitbit Cares” published on September 25, 2018, published: “Analyst Upgrades Fitbit Ahead Of Push Into MedTech Space” on October 12, 2018. More interesting news about Fitbit, Inc. (NYSE:FIT) were released by: and their article: “Why Fitbit Stock Is Climbing Higher Today” published on October 12, 2018 as well as‘s news article titled: “Fitbit’s Significant Advantage Over The Apple Watch” with publication date: September 20, 2018.

Fitbit, Inc. (NYSE:FIT) Ratings Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.