Peloton Interactive (PTON) to Release Quarterly Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.38) per share for the quarter. Peloton Interactive has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.98) EPS. On average, analysts expect Peloton Interactive to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Peloton Interactive Price Performance

Shares of Peloton Interactive stock opened at $3.06 on Thursday. The firm has a market cap of $1.12 billion, a P/E ratio of -1.25 and a beta of 1.96. The firm has a 50 day simple moving average of $4.10 and a 200 day simple moving average of $4.96. Peloton Interactive has a fifty-two week low of $2.92 and a fifty-two week high of $9.87.

Insider Activity

In related news, Director Karen Boone sold 50,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the sale, the director now directly owns 34,966 shares of the company’s stock, valued at approximately $151,402.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the sale, the chief financial officer now directly owns 104,428 shares of the company’s stock, valued at approximately $453,217.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Boone sold 50,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $4.33, for a total transaction of $216,500.00. Following the completion of the sale, the director now directly owns 34,966 shares in the company, valued at $151,402.78. The disclosure for this sale can be found here. 3.28% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Telsey Advisory Group lowered their price target on shares of Peloton Interactive from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday, February 2nd. The Goldman Sachs Group lowered their target price on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Friday, February 2nd. Truist Financial lowered their target price on shares of Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. lowered their target price on shares of Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Finally, Morgan Stanley initiated coverage on shares of Peloton Interactive in a report on Monday, March 11th. They set an “equal weight” rating and a $3.00 target price for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.50.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.