What's Happening With Peloton Stock?
Portfolio Pulse from Henry Khederian
Peloton Interactive Inc's shares have fallen by 19% over the past five sessions due to mixed Q4 results and a decline in Connected Fitness subscribers. The company also issued a soft Q1 revenue guidance. Peloton reported a 5% YoY sales decline in Q4 FY23 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.
August 28, 2023 | 6:25 pm
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NEGATIVE IMPACT
Peloton's stock has been negatively impacted by mixed Q4 results and a decline in Connected Fitness subscribers. The company's Q4 sales beat consensus but EPS loss was higher than expected.
Peloton's stock has been negatively impacted due to mixed Q4 results and a decline in Connected Fitness subscribers. While the company's Q4 sales beat consensus, the EPS loss was higher than expected, indicating a potential issue with profitability. This, combined with a decline in subscribers, could be a cause for concern for investors, leading to the drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100