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Fitbit schedules 2Q18 report ?2
Fitbit has scheduled
the report on its second quarter for the evening of August 1st.
On average, analysts are expecting the company to lose 24 cents
per share on $285M in sales, with current quarter revenue jumping
Given all the attention on the Versa launch, we might expect
guidance to be especially important. Recall also that Fitbit
admitted it will need to continue acquiring in order to pursue its
health data aspirations, so I see an announcement along those
lines as a possibility.
A month and a half ago, I had already arrived at the conclusion
that the Versa would sell well, and that is broadly anticipated by
the market at this point. Situations like that often lead to
overreactions in either direction for the stock. I also concluded
that the momentum is unlikely build beyond this year. So, while I
will cover the report for any short-term opportunities, it would
take a real surprise to make it of any lasting interest to me.