Peloton Interactive, Inc. (NASDAQ:PTON ) Q1 2025 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants James Marsh - SVP, IR Karen Boone - Interim Co-CEO Chris Bruzzo - Interim Co-CEO Liz Coddington - CFO Conference Call Participants Simeon Siegel - BMO Capital Markets Brian Nagel - Oppenheimer. Nathan Feather - Morgan Stanley Shweta Khajuria - Wolfe Research Andrew Boone - JMP Securities Bryan Smilek - JPMorgan Eric Sheridan - Goldman Sachs Operator Good day, and welcome to Peloton's First Quarter Fiscal 2025 Conference Call.
The headline numbers for Peloton (PTON) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of fitness company Peloton Interactive (PTON) soared 22% in premarket trading Thursday after its first-quarter results topped analysts' estimates and it appointed Ford executive Peter Stern as its new Chief Executive Officer (CEO) and president.
Peloton (PTON) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.44 per share a year ago.
Peloton's fiscal first-quarter revenue beat Wall Street's expectations. The connected fitness company raised its full-year adjusted EBITDA guidance but posted a weaker-than-expected holiday forecast.
David Einhorn's Greenlight Capital has a $6.8 million stake in Peloton, and he thinks the company could be worth five times it current value, if it cuts more costs. If Peloton can generate $450 million in EBITDA, about double its current projections, it could reach a share price of between $7.50 and $31.50 a share, Einhorn said at the Robinhood Investors Conference.
David Einhorn, Greenlight Capital President, says there's a lot to like about Peloton stock. He says the company has a large customer base that is very engaged and the stock is undervalued.
David Einhorn, Greenlight Capital President, says there's a lot to like about Peloton stock. He says the company has a large customer base that is very engaged and the stock is undervalued.
Shares of Peloton Interactive (NASDAQ: PTON) have surged by 16% after David Einhorn, billionaire, and hedge fund manager, called the stock undervalued at Robinhood's (NASDAQ: HOOD) investor conference on October 23.
Peloton bikes will be available at Costco this holiday season. But why?
CNBC's Andrew Ross Sorkin reports on the latest news.
There was an after-hours boost for Peloton Interactive Inc (NASDAQ:PTON) shares, which jumped over 11% after David Einhorn of Greenlight Capital highlighted the company's potential at the Robin Hood Investors Conference. Einhorn, who revealed a $6.8 million stake in the exercise bike giant as of June 30, believes the stock is undervalued, though he didn't specify a target price.