FIT 2017 Q1 result prediction - Fitbit Inc, (short)

Discussion in 'Stocks' started by magicdistortion, Apr 30, 2017.

  1. Referring to my GoPro post in the Stocks forum and Tech Product Stocks thread in Journals, last time my prediction on revenue was off, but the short trade worked out great because GoPro did drop 5%+ after Q1 earning. I've made some changes to the forecast model and estimate that Fitbit's Q1 revenue will be around $258M - $288M. As a result they might miss the earning expectation of $271M – 288M and I'll still make a short trade.
     
    Baron likes this.
  2. GRPO and FIT are very similar - both depend on a single product, which is losing its popularity.
     
  3. vanzandt

    vanzandt

    Up 10% on top and bottom line beat.
    298M revenue.