Benzinga | Aug 4, 2020 11:50AM EDT

Fitbit's Earnings: A Preview

On Wednesday, August 05, Fitbit (NYSE: FIT) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings and Revenue

Fitbit EPS is expected to be around $-0.22, according to sell-side analysts. Sales will likely be near $189.00 million. In the same quarter last year, Fitbit announced EPS of $-0.140 on revenue of $313.56 million. The Wall Street estimate would represent a 57.14% decline in the company's earnings. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate -0.16 0.03 -0.1 -0.18EPS Actual -0.24 -0.12 -0.1 -0.14Revenue Estimate 265.99 M 523.21 M 345.26 M 311.98 MRevenue Actual 188.16 M 502.14 M 347.20 M 313.56 M

Stock Performance

Over the last 52-week period, shares are up 99.69%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Fitbit is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.fitbit.com%2Foverview%2Fir-events-and-presentations%2Fdefault.aspx&eventid=2079372&sessionid=1&key=86CD4DA84ECDC4D4928B6183EF9CFD88&regTag=&sourcepage=register