Peloton Interactive (PTON) to Release Quarterly Earnings on Thursday

Peloton Interactive (NASDAQ:PTON) is scheduled to 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 interested in registering for 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.01. The company had revenue of $743.60 million during the quarter, compared to the consensus estimate of $733.17 million. Peloton Interactive’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company 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 NASDAQ:PTON opened at $3.06 on Thursday. The company’s fifty day moving average price is $4.10 and its 200-day moving average price is $4.96. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -1.25 and a beta of 1.96. Peloton Interactive has a one year low of $2.92 and a one year high of $9.87.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Karen Boone sold 50,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of 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 can be accessed through this hyperlink. In related news, Director Karen Boone sold 50,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $4.33, for a total value of $216,500.00. Following the completion of 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 can be accessed through this hyperlink. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $4.34, for a total transaction of $38,960.18. Following the completion of the transaction, the chief financial officer now owns 104,428 shares of the company’s stock, valued at $453,217.52. The disclosure for this sale can be found here. 3.28% of the stock is owned by company insiders.

About Peloton Interactive

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.