What's Going On With Peloton Stock
Portfolio Pulse from Henry Khederian
Peloton Interactive Inc (NASDAQ:PTON) shares are trading higher by 1.48% to $5.49, rebounding after a decline on Wednesday. The company reported mixed Q4 results, with a 5% YoY sales decline to $642.1 million, beating the consensus of $639.9 million. However, EPS loss was $(0.68), missing the consensus loss of $(0.38). The total number of members fell 5% YoY to 6.5 million. The company also issued soft Q1 revenue guidance.
August 24, 2023 | 3:30 pm
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NEGATIVE IMPACT
Peloton's mixed Q4 results and soft Q1 revenue guidance may cause uncertainty among investors. While sales beat consensus, the greater than expected EPS loss and decline in members could negatively impact the stock.
Peloton's stock is likely to be negatively impacted in the short term due to the mixed Q4 results and soft Q1 revenue guidance. While the sales beat the consensus, the greater than expected EPS loss and the decline in members could cause investor uncertainty and potentially lead to a sell-off.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100