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On Wednesday, November 2nd, Fitbit will release its third quarter earnings results after the bell. The company is a Zacks Rank 4 (Sell), and have a Value, Growth, and Momentum score of C.
Dave will look at Fitbit’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Fitbit ahead of earnings.
Fitbit in Focus
Fitbit Inc. manufactures and markets wearable fitness-tracking devices. The Company's product consists of Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. It also offers accessories which include bands and clips, charging cables and Fitbit apparel. Fitbit Inc. is headquartered in San Francisco, California.
Fitbit is expected to report earnings at $0.11 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 75.00% at $0.07 per share, beating estimates of $0.04 a share.
Fitbit is trading around $13 a share, and they are near their 52-week low of $11.65 per share. Their 52-week high is $41.97 a share. Their average EPS surprise is 143.75%.
Bottom Line
How should investors play Fitbit ahead of their earnings report? For insights on the best options trades, make sure you are subscribe to Live Trader to see Dave Bartosiak at 1:30 pm this afternoon.
Confidential from Zacks
Would you like to access Zacks' 2 best trades that are not available to the public? Zacks Executive VP, Steve Reitmeister knows which of our experts has the hottest hand and when key trades are about to be triggered. Today he is prepared to pass the Best of Our Best along to you. See these timely buys now >>
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The Best Options Trade for Fitbit (FIT) Earnings
On Wednesday, November 2nd, Fitbit will release its third quarter earnings results after the bell. The company is a Zacks Rank 4 (Sell), and have a Value, Growth, and Momentum score of C.
Dave will look at Fitbit’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Fitbit ahead of earnings.
Fitbit in Focus
Fitbit Inc. manufactures and markets wearable fitness-tracking devices. The Company's product consists of Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. It also offers accessories which include bands and clips, charging cables and Fitbit apparel. Fitbit Inc. is headquartered in San Francisco, California.
Fitbit is expected to report earnings at $0.11 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 75.00% at $0.07 per share, beating estimates of $0.04 a share.
FITBIT INC Price, Consensus and EPS Surprise
FITBIT INC Price, Consensus and EPS Surprise | FITBIT INC Quote
Fitbit is trading around $13 a share, and they are near their 52-week low of $11.65 per share. Their 52-week high is $41.97 a share. Their average EPS surprise is 143.75%.
Bottom Line
How should investors play Fitbit ahead of their earnings report? For insights on the best options trades, make sure you are subscribe to Live Trader to see Dave Bartosiak at 1:30 pm this afternoon.
Confidential from Zacks
Would you like to access Zacks' 2 best trades that are not available to the public? Zacks Executive VP, Steve Reitmeister knows which of our experts has the hottest hand and when key trades are about to be triggered. Today he is prepared to pass the Best of Our Best along to you. See these timely buys now >>