NEW YORK (TheStreet) -- Shares of Fitbit  (FIT)  were sliding in early-afternoon trading on Tuesday as the health and fitness device maker will post its 2016 third quarter results after tomorrow's market close. 

Analysts surveyed by FactSet are looking for adjusted earnings of 19 cents per share and $506.9 million in revenue. 

During the same period last year, San Francisco-based Fitbit posted adjusted earnings of 24 cents per share on revenue of $409.3 million. 

Pacific Crest analysts said they expect Fitbit's third-quarter results to beat on the top and bottom line, with some earnings upside as a result of "building" demand for its Charge 2 wearable. 

The firm has an "underweight" rating on the stock, according to TheFly

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

The team rates Fitbit as a Sell with a ratings score of D+. Among the areas the team feels are negative, one of the most important has been unimpressive growth in net income over time.

You can view the full analysis from the report here: FIT

FIT Chart FIT data by YCharts

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