Peloton Interactive Q2 2024 GAAP EPS $(0.54) Misses $(0.51) Estimate, Sales $743.60M Beat $733.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peloton Interactive reported Q2 2024 adjusted EPS of $(0.44), surpassing the $(0.53) estimate. However, its sales of $595.50M fell short of the $733.49M estimate, marking a 24.88% decrease from the previous year.

February 01, 2024 | 12:01 pm
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NEUTRAL IMPACT
Peloton Interactive exceeded EPS estimates but missed on revenue expectations for Q2 2024, with a significant year-over-year sales decline.
While beating EPS estimates typically has a positive impact on stock price, missing revenue estimates and reporting a significant sales decline could counteract this positivity. The mixed results present uncertainty, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100