Peloton has returned to sales growth for the first time in nine quarters. The connected fitness company posted quarterly results that came in well ahead of expectations and delivered a mixed outlook for the year ahead.
Peloton was a fad stock during the coronavirus pandemic. It tried to shift gears, going from an exercise equipment maker to an exercise subscription service.
Peloton Interactive's investors will look for updates on its CEO appointment and efforts to grow subscribers in fiscal 2025 when the fitness equipment maker reports results on Thursday.
Peloton's (PTON) fourth-quarter fiscal 2024 performance is likely to have been hurt by dismal Connected Fitness Products revenues.
Besides Wall Street's top -and-bottom-line estimates for Peloton (PTON), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Peloton (PTON) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Peloton (NASDAQ: PTON ) stock is making a rather surprising move lower today. At the time of this writing, PTON stock is down more than 4% despite the company announcing a rather intriguing partnership with Google and Fitbit parent Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) to bring Peloton classes to Fitbit smartwatches.
Peloton's sales and member counts are plunging and the company hasn't posted a quarterly profit since early 2021. The home gym specialist faces layoffs and financial turmoil, all under interim leadership.
Peloton had a debt cliff approaching in 2026 when a convertible note was set to come due. The company managed to refinance its debts, including extending that convertible note out to 2029.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Peloton (PTON) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
The Nasdaq Composite index is trading at a record high on the back of its 25% year-to-date gain. Not every technology stock is participating in the rally at the moment.
Peloton's stock is down 42% this year and off 98% from highs. The company is still losing money and just lost its new CEO.