Peloton Sees FY24 Revenue $2.675B-$2.75B Vs $2.748B Estimate
Portfolio Pulse from Benzinga Newsdesk
Peloton projects its FY24 revenue to be between $2.675 billion and $2.75 billion, which is slightly below the estimated $2.748 billion.
February 01, 2024 | 12:18 pm
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Peloton's FY24 revenue projection is slightly below the market estimate, indicating a potential cautious outlook.
Peloton's revenue forecast being lower than the market estimate could lead to a negative investor sentiment in the short term, as it may be interpreted as a sign of slowing growth or increased competition.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100