Peloton (PTON) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this exercise bike and treadmill company would post a loss of $0.18 per share when it actually produced a loss of $0.08, delivering a surprise of 55.56%.Over the last four quarters, the com ...

A Peloton bike is displayed at a Dick's Sporting Goods store on May 08, 2024 in Daly City, California.Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in costs and looks to improve the unit economics behind its hardware, it said Thursday.  Despite the progress, Peloton is expecting to lose more members and sell less bikes and treadmills than Wall Street analysts had expected during its all-important holiday quarter. Here's how P ...

PELOTON Q1 FY2025 Shareholder Letter October 31, 2024 Dear Shareholders, Our Q1 FY25 results reflect continued progress toward Peloton's overarching financial goal of making our business sustainable and profitable for the long term. We had a strong Q1 FY25 and performed above our guidance on all of our key metrics. We're especially pleased with our bottom line results and Free Cash Flow – we're achieving our cost savings targets faster than we expected as a result of strong execution by our talented Peloton ...

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) has announced its financial results for first quarter fiscal 2025. Please visit the Peloton investor relations website to view the shareholder letter. Today the company will host a conference call and live audio webcast to discuss the results at 8:30 a.m. ET. Call Details:Event: Peloton First Quarter Fiscal 2025 Earnings Conference CallDate: Thursday, October 31, 2024Time: 8:30 a.m. ET Live Call Registration (link) Live Aud ...

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (NASDAQ: PTON) today announced that Peter Stern, who currently serves as President of Ford Integrated Services and before that held leadership roles at Apple and Time Warner Cable, has been appointed to serve as Peloton’s CEO and President effective January 1, 2025. The Company expects to appoint Mr. Stern to the Peloton Board. Jay Hoag, Chairperson of the Peloton Board, made the following statement on behalf of his fellow directors: Pete ...

Einhorn structured the presentation as if he was an instructor giving a workout class, occasionally shouting out investors in the room. The first page of the deck was titled "15 minute 'Stock Pitch Ride'" and shows an image of Einhorn on a Peloton bike. "Facing bankruptcy can force change," he said during the pitch. "Peloton has started to right-size and cash burn has stopped. It refinanced its debt to push out maturities. And with a loyal customer base that pays $44 per month, it's a valuable subscription ...

Shares of Peloton Interactive (NASDAQ: PTON) have surged by 16% after David Einhorn, billionaire, and hedge fund manager, called the stock undervalued at Robinhood’s (NASDAQ: HOOD) investor conference on October 23.The announcement was made as the Greenlight Capital founder was riding a Peloton bike — previously, in June, the fund had disclosed a $6.8 million stake in the business.The home fitness giant’s fall from an all-time high (ATH) of $162 during the pandemic was swift and unrelenting — following mism ...

Peloton bikes will be available at Costco this holiday season. But why?Peloton's (PTON) stock has been on fire recently, in part because the company is focused on a strategy that works. It needs to sell high-end bikes to consumers and make money on their subscriptions. A recent deal with Costco (COST), of all retailers, could fuel the company's growth. In this video, Travis Hoium shows how this could be a win-win deal over the long term.*Stock prices used were end-of-day prices of Oct. 22, 2024. The video w ...

David Einhorn speaking at the 2024 SOHN Conference in New York City on April 3rd, 2024.Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital's David Einhorn said shares of the company are significantly undervalued, CNBC has learned. Einhorn made the pitch to investors while he was riding a Peloton bike, a person familiar with his remarks said. It was not immediately clear what Einhorn believed Peloton shares should trade at.Over the summer, Greenlight Capital, the hedge fund that Einh ...

The S&P 500 ( SP500 ) continues to tread water near all-time highs, but the mood in the markets is decidedly quite jittery ahead of the U.S. elections. Some turnaround stocks have made some surprising rebounds, including PelotonWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on ...