The stock has a market capitalization of $3.00B and it has 217.95M outstanding shares.
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Fitbit (FIT – Analyst Report) just released its second-quarter earnings results, posting earnings of $0.07 per share and revenue of $586.5 million. Given 2QFY15 earnings of $0.21, the consensus estimate suggests that this quarter’s earnings will decline 47.61% on an annual basis. The company said that it had $0.12 in earnings per share (EPS) on $587 million in revenue. The year ago revenue of $855.3 million implies that the Italian sports vehicle manufacturer will post 10.32% YoY decline in Q2 revenue. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.17 on revenue of $498.53 million. The company posted a positive surprise factor of 171.43% by 0.12.
Fitbit, Inc.is a provider of health and fitness devices. If the company meets the Street on bottom line, earnings will rise 7.31% year over year. Having a look at the historical EPS report, the company attained $1.07 EPS for the previous year. Analysts are looking for earnings of $1.17 per share on revenue of $2.58 billion.
Wearable device maker Fitbit Inc reported a better-than-expected 46.5 per cent jump in quarterly revenue as demand rose for its colourful wristbands and clippable devices.
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Shares of Fitbit closed Tuesday down almost 4% at $13.16, with a consensus analyst price target of $21.63 and a 52-week trading range of $11.65 to $51.90. On year trading price range hit the peak level of $51.90 and touched the lowest level of $11.65 and its distance from 52 week high is -73.62% and current price is above +17.51% from 52 week low.
