15.95 0.00 (0.00%)
After hours: 4:17PM EST
|Bid||15.73 x 800|
|Ask||15.98 x 1400|
|Day's Range||15.18 - 15.98|
|52 Week Range||11.40 - 32.17|
|Beta (3Y Monthly)||-0.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.80|
Fitbit's (NASDAQ:FIT) upcoming fourth-quarter results are likely to show that its recent, positive trends are accelerating. As a result, Fitbit stock will probably rise meaningfully in the wake of the report. * 9 High-Growth Stocks to Buy Now for Monster Returns Source: Shutterstock Of course, Q4 earnings per share will be a crucial metric for Fitbit and Fitbit stock, especially because the holiday shopping season, which is very important for the company's overall results, occurred last quarter.In Q3, the company's bottom line was positive for the first time in many quarters. Assuming that the company's Versa smartwatch and its Charge 3 fitness tracker continued to be popular with consumers in Q4, Fitbit's EPS should increase meaningfully above the 4 cents that it reported in Q3.InvestorPlace - Stock Market News, Stock Advice & Trading TipsResearch firm Roth Capital believes that the company's products were indeed popular with holiday shoppers. On Jan. 3, the research firm told its clients that FIT "likely had strong holiday sales that will lead to a 'solid' Q4 report," Seeking Alpha reported. Among the evidence cited by Roth for its hypothesis were "internal checks, top seller lists, app downloads, and limited discounting." The firm reiterated its $8 price target and its "buy" rating on the stock.In the past, Roth has been upbeat about Fitbit's ability to generate "tens of millions of dollars in recurring sales" from companies and health insurers that want to use Fitbit's products to improve the health of their employees and beneficiaries, respectively. Long-Term, Positive Trends Likely to Lift FIT StockThe revenue generated by Fitbit Health Solutions, the company's business that focuses on selling devices and services to enterprises, jumped 26% year over year in Q3. However, FIT noted that the unit accounted for less than 10% of its Q3 revenue. As more health insurers, hospitals and companies use FIT's devices to help combat obesity and detect health problems such as atrial fibrillation and sleep apnea, the unit's revenue growth should accelerate meaningfully and account for a much greater percentage of FIT's overall revenue.And as Fitbit Health Solutions' trends improve, investors will become more confident in the company's ability to grow its recurring revenue and improve its overall results going forward. As a result, the acceleration of Fitbit Health Solutions will prove to be a powerful, positive catalyst for FIT stock.If the growth of the unit's revenue accelerated meaningfully and it generated more than 10% of the company's revenue last quarter, more investors will look to buy FIT stock in the wake of the results, boosting Fitbit stock. Gartner, Google, And FitbitIn another positive note for Fitbit, research firm Gartner in November predicted that consumer spending on smartwatches would reach $16.2 billion. According to Counterpoint Research, Fitbit had a 16% share of the smartwatch market in the third quarter of 2018. up from just 6% during the same period a year earlier.If FIT's market share rises to 20% this year, and we assume that Gartner's forecast is correct, then Fitbit's revenue will jump to $3.2 billion in 2019, That would mean the current price-to-sales ratio of FIT stock is about 0.5. Backing out Fitbit's cash would lower the ratio to less than 0.33. That's quite minuscule for a company that's gaining share in a growing sector and appears to be on the verge of profitability.After Google (NASDAQ:GOOG, NASDAQ:GOOGL) agreed to buy smartwatch technology from Fossil (NASDAQ:FOSL) in mid-January, speculation arose that Google was looking to improve its own smartwatch operating system and launch its own Pixel watch.However, given Google's partnership with Fitbit, the search-engine giant may have made the deal with Fossil to enhance products the two companies are developing together. As a result, Google's deal with Fossil could actually be bullish for Fitbit stock. * 10 Monthly Dividend Stocks to Buy to Pay the Bills The Bottom Line on Fitbit StockFitbit looks poised to report meaningful Q4 profits -- and its relatively strong bottom line should boost Fitbit stock in the wake of the results. Also likely to boost FIT stock are the growth of Fitbit's sales to enterprises and the evolution of its partnership with Google, along with the expansion of the smartwatch market.As of this writing, Larry Ramer owned shares of FIT stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Consumer Stocks to Buy for Income * 7 Dark Horse Stocks You Really Need to Look at for 2019 * 7 Retail Stocks to Buy for the Rise of Menswear Compare Brokers The post Fitbit Stock Likely to Rise After Fourth-Quarter Results appeared first on InvestorPlace.
After a mercurial debut, the dreaded "C-word" took down fitness-tracking device maker Fitbit (NYSE:FIT) in the most ignominious manner. I'm talking of course about commoditization that has plague FIT stock. As fierce competition from Garmin (NASDAQ:GRMN), Apple (NASDAQ:AAPL), even Fossil Group (NASDAQ:FOSL) came, Fitbit stock crumbled under the pressure.Source: Denis Kortunov via Flickr (Modified)And let's just be real, folks: commoditization represents the core reason why many investors remain skeptical on FIT stock despite its newfound bullishness. On the surface, a Fitbit tracker offers nothing that other competitors can't replicate. Therefore, the only distinguishing factor is the price point.Here, I've argued that FIT offers better pricing options on absolute and relative scales. For athletes, especially those in extreme sports, the idea of risking a pricey Apple Watch is itself extreme. More importantly, those who need fitness trackers from a health standpoint are typically modest income earners.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Smart Money Stocks to Buy Now Naturally, this dynamic favors Fitbit stock. However, our own Vince Martin recently pointed out that over the trailing year, FIT has lost its "pricing edge." When that happens, we typically see the ugly work behind commoditization.I'm not fear-mongering. Both Martin and I have brought up commoditization as a significant headwind that hurt Apple shares. Essentially, when you have no new ideas, you can' continue to charge premiums on your products. Competitors move in, and entice customers to make the switch through attractive pricing.Plus, Martin adds a specific argument against FIT stock: the underlying company features stretched financials. Sure, they have a stable balance sheet. But in terms of capturing additional earnings growth, they remain deeply challenged. Since Fitbit can't cut more fat than they already have, they must boost sales by a massive amount.Under such a pressured environment, you should probably walk away from Fitbit stock. Or maybe not… The Compelling Narrative Driving Fitbit StockBefore I get into the contrarian argument for FIT stock, you should recognize the red flags. Shares gyrated all over the map last year. Fundamentally, the consumer tech firm must overcome an uphill battle. Every indicator suggests you run, and I don't blame you if that's you.That said, my proposal is that it's not entirely irrational to buy Fitbit stock. Of course, it's a risky, speculative play, and you could end up burning your portfolio. At the same time, you have the possibility of huge gains, if only that the masses don't see the opportunity.It all comes down to branding. First, Fitbit stock, unlike the competition, represents a pure, fitness and health-oriented company. As such, the company features over 25 million active users. More importantly, these are users dedicated to fitness.That sounds like an obvious point. But as InvestorPlace contributor Chris Lau notes, Fitbit leverages this singular expertise into a massive data set.Why is this important? If you truly want to attain better health metrics, a superior data set helps streamline your efforts. That way, you're not wasting your time performing ineffective exercises.Second, this distinct focus towards all things health-related helps Fitbit stock overcome the commoditization label. Martin correctly that the tech firm's partnerships with health insurers and corporations is vulnerable to competition. However, I'd gently counter that Fitbit has that relationship on lockdown.While FIT has lost its pricing edge, it still offers superior pricing options. For example, I highly doubt that a big-box retailer would offer its employees Apple Watches.Furthermore, if the above parties were truly interested in worker health, they'd go with the most effective product. Plugged into the Fitbit network, you receive an array of vital tips, information, and metrics that you don't have with competitor brands. FIT Stock and Missed OpportunitiesTranslating the Fitbit brand's superiority to the mainstream public, though, remains a tough endeavor. After all, to recognize the data advantages, a consumer must look beyond the superficialities.But with the company's fresh approach to female health tracking, FIT stock can capture a missed opportunity. For one thing, the move is marketing brilliance. Biologically, women and men are built differently.By openly recognizing that women have unique health considerations, Fitbit taps into a tech void, separating itself from its rivals.Additionally, those rivals will find tremendous difficulty challenging Fitbit stock in this arena. Again, the underlying company has the superior data set. They can commoditize all they want: astute women will recognize Fitbit's core attributes once its first-to-market advantage wears off.Another missed opportunity is the modest-income category which I referenced earlier. Priced for mass appeal, the latest Fitbit Versa smartwatch outsold the competition. With this move, FIT proved it can make cheap and compelling products.More significantly, scientific research indicates a correlation between low income and obesity risks. While companies like Apple specialize in higher-end devices, the real need for fitness-oriented devices are those with smaller paychecks.Essentially, FIT is hitting passing lanes where defensive pressure is sparse. That kind of smart thinking might just boost Fitbit stock this year.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post The Speculative, But Compelling, Reason to Bet on FIT Stock appeared first on InvestorPlace.
NEW YORK, Feb. 20, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
took a rather wild ride Thursday after reporting ever-important fourth-quarter earnings results after Wednesday's market close. While Fossil earned $1.01 a share for the quarter, that figure missed consensus expectations by eight cents.
Fossil Group Inc (NASDAQ: FOSL ) shares were sinking Thursday, one day after the watchmaker reported a fourth-quarter earnings miss and weak first-quarter sales guidance. Fossil guided to Q1 sales falling ...
Fossil Group's (FOSL) top and bottom lines fall short of the Zacks Consensus Estimate. Revenues continue to decline year over year in Q4.
Fossil Group earnings (NASDAQ:FOSL) were posted late in the day on Wednesday and the watch maker unveiled that its earnings and revenue for its last period of its fiscal 2018 were below what analysts were calling for, sending FOSL stock plummeting more than 15% after hours.The Richardson, Texas-based fashion apparel designer announced that for its fourth quarter of its fiscal 2018, it brought in net income of $47.6 million following a loss during the same period in the year-ago quarter. This amounted to 94 cents per share, or $1.01 per share when adjusting for restructuring costs.Analysts were calling for Fossil Group to bring in adjusted earnings of $1.27 per share, according to data compiled by Zacks Investment Research. The company's adjusted earnings came in at 64 cents per share during its year-ago quarter when adjusting for non-recurring items.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe watch and accessories maker added that its revenue for its fourth quarter was $786.9 million, which was also below what the Wall Street consensus estimate that Zacks was calling for. For its fiscal 2018, Fossil Group reported that it brought in its loss down to $3.5 million, or 7 cents per share, while its revenue came in at $2.54 per share.FOSL stock was down about 2.7% during regular trading hours Wednesday as the company geared up to report for its latest quarter of the last fiscal year. Following an underwhelming earnings report that saw its adjusted profit and revenue miss expectations, shares were sinking close to 16% after the bell. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Next 10 Months * 9 U.S. Stocks That Are Coming to Life Again * Buy These 5 Stocks to Play the Megatrend of the Century Compare Brokers The post Fossil Group Earnings: FOSL Stock Plummeted on Weak Q4 EPS, Revenue appeared first on InvestorPlace.
The Richardson, Texas-based company said it had profit of 94 cents per share. Earnings, adjusted for restructuring costs, came to $1.01 per share. The watch and accessories maker posted revenue of $786.9 ...
Fossil Group (FOSL) delivered earnings and revenue surprises of -20.47% and -2.79%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Shares of Fossil Group Inc. tanked in the extended session Wednesday after the retailer missed Wall Street expectations and said it expects its sales to continue to fall. Fossil said it earned $47.6 million, or 94 cents a share, in the quarter, versus a loss of $79.9 million, or $1.65 a share, in the fourth quarter of fiscal 2017. Sales fell to $787 million, from $921 million a year ago. Analysts polled by FactSet had expected earnings of $1.21 a share on sales of $805 million. The company pinned the sales decline on reduced promotional discounting and price matching, particularly in the U.S., continued weakness in Europe, and supplier delays. Fossil last month said it had agreed to sell its smartwatch technology business to Alphabet Inc.'s Google.
Fourth Quarter Net Sales of $787 Million; Diluted EPS of $0.94 Fiscal Year 2018 Net Sales of $2.5 Billion; Diluted EPS (Loss) of $(0.07) Provides First Quarter and Fiscal 2019.
Fossil Group (NASDAQ: FOSL ) unveils its next round of earnings this Wednesday, Feb. 13. Get prepared with Benzinga's ultimate preview for Fossil Group's Q4 earnings. Earnings and Revenue Wall Street expects ...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Fossil Group, Inc. (NASDAQ:FOSL) is a small-capRead More...
Zumiez (ZUMZ) retains positive comps trend in January, with 3.5% growth. Also, the company raised its earnings view for the fourth quarter encouraged by better-than-anticipated sales.
Fossil Group Inc NASDAQ/NGS:FOSLView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is extremely high for FOSL with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting FOSL. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $232 million over the last one-month into ETFs that hold FOSL are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Soft sales in traditional watches are a hurdle for Fossil (FOSL). The company's New World Fossil Plan bodes well for the bottom line in Q4.
RICHARDSON, Texas, Feb. 06, 2019 -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that its earnings for the fourth quarter and fiscal 2018 year ended December 29, 2018 will.
Fossil Group (FOSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.