Peloton Stock Is Up 7%: What's Going On?
Portfolio Pulse from Henry Khederian
Peloton Interactive Inc's (NASDAQ:PTON) shares are trading higher by 6.98% despite a lack of company-specific news. This follows the company's mixed fourth-quarter results, which included a decline in Connected Fitness subscribers and soft first-quarter revenue guidance. The company also received several analyst rating updates post the earnings report. PTON reported a 5% YoY sales decline to $642.1 million, beating the consensus of $639.9 million. However, the EPS loss was $(0.68), missing the consensus loss of $(0.38).
August 25, 2023 | 4:32 pm
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Peloton's stock is trading higher despite mixed Q4 results and soft Q1 revenue guidance. The company also received several analyst rating updates.
Despite the mixed Q4 results and soft Q1 revenue guidance, Peloton's stock is trading higher. This could be due to the company beating the sales consensus and the recent analyst rating updates. However, the decline in Connected Fitness subscribers and the missed EPS consensus could potentially impact the stock negatively in the future.
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IMPORTANCE 75
RELEVANCE 100