Peloton Sees Q1 Total Revenue $580M-$600M vs $655.92M Est.
Portfolio Pulse from Benzinga Newsdesk
Peloton has projected its Q1 total revenue to be between $580M and $600M, which is lower than the estimated $655.92M.
August 23, 2023 | 11:09 am
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NEGATIVE IMPACT
Peloton's lower than expected Q1 revenue projection could negatively impact its stock price in the short term.
Investors often react to earnings forecasts. A lower than expected revenue projection can be seen as a sign of potential financial instability, which can lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100