In its upcoming report, Peloton (PTON) is predicted by Wall Street analysts to post quarterly loss of $0.06 per share, reflecting an increase of 86.7% compared to the same period last year. Revenues are forecasted to be $619.71 million, representing a year-over-year decrease of 13.7%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Peloton metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- Subscription' will likely reach $417.00 million. The estimate indicates a change of -4.8% from the prior-year quarter.
Analysts forecast 'Revenues- Connected Fitness Products' to reach $203.93 million. The estimate points to a change of -27.1% from the year-ago quarter.
Analysts expect 'Ending Connected Fitness Subscriptions' to come in at 2,862. The estimate is in contrast to the year-ago figure of 3,055.
It is projected by analysts that the 'Gross profit- Subscription' will reach $283.97 million. The estimate compares to the year-ago value of $298.10 million.
The collective assessment of analysts points to an estimated 'Gross profit- Connected Fitness Products' of $27.75 million. The estimate compares to the year-ago value of $11.60 million.
View all Key Company Metrics for Peloton here>>>
Peloton shares have witnessed a change of +39.8% in the past month, in contrast to the Zacks S&P 500 composite's +10.6% move. With a Zacks Rank #3 (Hold), PTON is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Peloton Interactive, Inc. (PTON): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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