Peloton Interactive (PTON) Scheduled to Post Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Peloton Interactive to post 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.Persons that wish to register for the company’s earnings 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The firm had revenue of $743.60 million during the quarter, compared to analyst estimates of $733.17 million. During the same quarter last year, the firm posted ($0.98) EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. 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 Stock Performance

NASDAQ:PTON opened at $3.30 on Tuesday. Peloton Interactive has a 52 week low of $2.91 and a 52 week high of $9.87. The firm’s fifty day moving average is $4.01 and its 200-day moving average is $4.92. The firm has a market cap of $1.21 billion, a P/E ratio of -1.35 and a beta of 1.96.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PTON shares. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target (down from $5.00) on shares of Peloton Interactive in a report on Monday. Truist Financial dropped their price target on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 2nd. Morgan Stanley began coverage on shares of Peloton Interactive in a research report on Monday, March 11th. They set an “equal weight” rating and a $3.00 price objective for the company. Bank of America lowered their price objective on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group cut their target price on shares of Peloton Interactive from $6.50 to $5.75 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Peloton Interactive currently has an average rating of “Hold” and a consensus target price of $7.40.

Insider Activity at Peloton Interactive

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

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.