Peloton Interactive (PTON) Set to Announce Earnings on Wednesday

Peloton Interactive (NASDAQ:PTON – Get Rating) is set to post its quarterly earnings results before the market opens on Wednesday, February 1st. Analysts expect Peloton Interactive to post earnings of ($0.66) per share for the quarter. Peloton Interactive has set its Q2 2023 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Peloton Interactive (NASDAQ:PTON – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.05). The business had revenue of $616.50 million for the quarter, compared to the consensus estimate of $638.73 million. Peloton Interactive had a negative net margin of 83.97% and a negative return on equity of 116.53%. On average, analysts expect Peloton Interactive to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Peloton Interactive Stock Performance

Shares of PTON stock opened at $11.06 on Wednesday. The firm has a market capitalization of $3.76 billion, a PE ratio of -1.30 and a beta of 1.77. The firm has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $9.91. The company has a current ratio of 2.47, a quick ratio of 1.40 and a debt-to-equity ratio of 6.48. Peloton Interactive has a 12 month low of $6.66 and a 12 month high of $40.35.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird lowered shares of Peloton Interactive from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $12.00 in a research note on Tuesday. JMP Securities decreased their price target on shares of Peloton Interactive from $25.00 to $16.00 and set a “market outperform” rating for the company in a research note on Friday, November 4th. The Goldman Sachs Group reduced their target price on shares of Peloton Interactive from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. Telsey Advisory Group reduced their target price on shares of Peloton Interactive from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Friday, October 28th. Finally, Morgan Stanley reduced their target price on shares of Peloton Interactive from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.56.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in Peloton Interactive by 1,054.2% in the 1st quarter. Covestor Ltd now owns 1,385 shares of the company’s stock worth $37,000 after purchasing an additional 1,265 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Peloton Interactive by 63.0% during the 1st quarter. Captrust Financial Advisors now owns 5,454 shares of the company’s stock worth $144,000 after acquiring an additional 2,109 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Peloton Interactive by 34.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 8,077 shares of the company’s stock worth $213,000 after acquiring an additional 2,078 shares in the last quarter. Coastal Bridge Advisors LLC purchased a new stake in shares of Peloton Interactive during the 1st quarter worth approximately $218,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Peloton Interactive during the 3rd quarter valued at approximately $74,000. 74.43% of the stock is owned by hedge funds and other institutional investors.

About Peloton Interactive

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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, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes.