Fitbit, Inc. (NYSE:FIT) also making a luring appeal, share price swings at $5.93 with percentage change of -2.23% in most recent trading session. Fitbit will eliminate about 110 jobs and said fourth-quarter results won’t meet analysts’ estimates amid declining demand for its fitness tracker. Bloomberg’s Selina Wang reports on “Bloomberg Technology.”
The company reported that revenue in the fourth quarter of 2016 was between $572 million to $580 million, well below the company’s expected range of $725 million to $750 million after a disappointing holiday sales season. The company is expected to lay off 6% of its workforce and restructure the business to reduce costs in the coming weeks. (Fitbit didn’t immediately respond to a request for comment).
The profit margin can answer significantly to find consistent trends in a firm’s earnings, the Co has positive 4.30% profit margin that indicates every dollar of sales a firm actually keeps in earnings, and the larger number indicates improving and vise worse. Gross profit margin, operating profit margin are its sub parts that firm has 46.30% and 8.00% respectively. Moving toward returns ratio, FIT has returns on investment of 24.00% which indicates firm’s investment efficiency or to compare the efficiency of a number of different investments.
While returns on assets calculated as 6.20% hat gives an idea about how efficient management is at using its assets to generate earnings. It has returns on equity of 9.60%, which is measuring a corporation’s profitability by revealing how much profit generates by FIT with the shareholders’ money. The firm attains analyst recommendation of 2.90 on scale of 1-5 with week’s performance of -14.65%.
Moving toward ratio analysis, it has current ratio of 2.80 and quick ratio was calculated as 2.30. The debt to equity ratio appeared as 0.00 for seeing its liquidity position. The firm attains analyst recommendation of 2.90 out of 1-5 scale with week’s performance of -14.65%.
Canadian Solar Inc. (NASDAQ:CSIQ) need to consider for profitability analysis, in latest session share price swings at $11.30 with percentage change of -3.83%.
The Co has positive 4.30% profit margins to find consistent trends in a firm’s earnings. Gross profit margin and operating profit margin are its sub parts that firm have 17.20% and 6.40% respectively. CSIQ has returns on investment of 6.20%. The returns on assets were 2.90% that gives an idea about how efficient management is at using its assets to generate earnings. It has returns on equity of 15.90%, which is measuring profitability by disclosing how much profit generates by CSIQ with the shareholders’ money.
The firm attains analyst recommendation of 2.70 on scale of 1-5 with week’s performance of -6.97%. The firm current ratio calculated as 1.10, this value is acceptable if it lies in 1.3% to 3%. But its varies industry to industry. To strengthen these views, active industry firm has Quick Ratio of 1.00, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 2.68, sometimes its remain same with long term debt to equity ratio.