Peloton Interactive (PTON) Scheduled to Post Quarterly 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.01. The company had revenue of $743.60 million for the quarter, compared to the consensus estimate of $733.17 million. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.98) earnings per share. 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

PTON opened at $3.11 on Wednesday. The business has a fifty day simple moving average of $3.99 and a 200-day simple moving average of $4.91. Peloton Interactive has a fifty-two week low of $2.91 and a fifty-two week high of $9.87.

Insider Buying and Selling

In related news, CFO Elizabeth F. Coddington sold 8,977 shares of the 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 completion of the sale, the chief financial officer now directly owns 104,428 shares in the company, valued at $453,217.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Peloton Interactive news, Director Karen Boone sold 50,000 shares of the firm’s 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 transaction, the director now directly owns 34,966 shares in the company, valued at $151,402.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Elizabeth F. Coddington sold 8,977 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $4.34, for a total value of $38,960.18. Following the transaction, the chief financial officer now 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 corporate insiders.

Analyst Upgrades and Downgrades

PTON has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on 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. reduced their price objective on Peloton Interactive from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Bank of America reduced their target price on Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating for the company in a report on Monday. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 target price (down previously from $5.00) on shares of Peloton Interactive in a report on Monday. Finally, Truist Financial reduced their target price on Peloton Interactive from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.40.

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.