Peloton(PTON)
Search documents
Peloton to start charging subscribers with used equipment $95 activation fee
CNBC· 2024-08-22 14:00
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price.The used equipment activation fee for subscribers in the U.S. and Canada comes as Peloton starts to see a meaningful increase in new members who bought used Bikes or Treads from peer-to-peer markets such as Facebook Marketplace. During its fiscal fourth quarter, which ended ...
Peloton (PTON) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2024-08-22 13:25
Peloton (PTON) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 55.56%. A quarter ago, it was expected that this exercise bike and treadmill company would post a loss of $0.39 per share when it actually produced a loss of $0.45, delivering a surprise of -15.38%.Over the last four quarters, the ...
Fitness-Equipment Maker Peloton Reports Unexpected Q4 Sales Growth First Time Since 2022, Positive EBITDA Since 2021
Benzinga· 2024-08-22 13:06
Interactive fitness platform provider Peloton Interactive, Inc. PTON stock jumped during premarket trading on Thursday after the company reported better-than-expected fourth-quarter results.The company reported sales of $643.6 million, up marginally by 0.2% year over year, beating the consensus of $630.5 million and outperforming the company’s $618 million-$643 million implied guidance range.“We achieved modest Y/Y revenue growth in Q4 for the first time since Q2 FY22”, the company said.The subscription seg ...
Peloton shares rise 11% as turnaround plan takes hold, losses shrink
CNBC· 2024-08-22 11:18
A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022.Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters. The beleaguered connected fitness company, which is currently being run by two board members after former CEO Barry McCarthy resigned earlier this year, saw sales grow by 0.2% during its fiscal fourth quarter. While only a modest uptick, it's the first ti ...
Peloton Interactive, Inc. Reports Fourth Quarter and Full Year Fiscal 2024 Financial Results
GlobeNewswire News Room· 2024-08-22 11:01
NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) has announced its financial results for fourth quarter and full year fiscal 2024. 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 Fourth Quarter and Full Year Fiscal 2024 Earnings Conference CallDate: Thursday, August 22, 2024Time: 8:30 a.m. ET Live Call ...
Peloton(PTON) - 2024 Q4 - Annual Results
2024-08-22 10:58
PELOTON Q4 FY2024 Shareholder Letter August 22, 2024 Dear Shareholders, We ended the 2024 fiscal year with strong Q4 performance, meeting or exceeding our guidance on all key metrics and making continued progress on a number of our financial goals. With a stable financial foundation now in place, we can focus on innovation in a more strategic way, enhancing our Member experience and driving sustainable, profitable growth over the long term. In Q4 we continued to delight our Members, launching new and compel ...
Could Peloton Help You Become a Millionaire?
The Motley Fool· 2024-08-22 08:56
Peloton's stock is well off its highs, but there are a lot of problems to fix. Is this turnaround story worth getting into?Peloton Interactive (PTON 5.00%) was a household name during the coronavirus pandemic. Consumers were lined up to buy the company's connected exercise equipment. But the company's fortunes have turned for the worse. Is there a chance that it could get back the old magic and turn shareholders into millionaires?Peloton and Wall Street wisdomThere's a saying on Wall Street about how danger ...
Peloton (PTON) Gears Up for Q4 Earnings: What's in Store?
ZACKS· 2024-08-19 15:41
Peloton Interactive, Inc. (PTON) is scheduled to report fourth-quarter fiscal 2024 results on Aug 22, before the opening bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 15.4%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for the fourth quarter is pegged at a loss of 18 cents per share. It reported a loss of 68 cents per share in the year-ago quarter.For revenues, the consensus mark is pegged at $626.3 million, indicating a decline of 2.5% from t ...
Wall Street's Insights Into Key Metrics Ahead of Peloton (PTON) Q4 Earnings
ZACKS· 2024-08-19 14:15
In its upcoming report, Peloton (PTON) is predicted by Wall Street analysts to post quarterly loss of $0.18 per share, reflecting an increase of 73.5% compared to the same period last year. Revenues are forecasted to be $626.29 million, representing a year-over-year decrease of 2.5%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...
Peloton (PTON) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
ZACKS· 2024-08-15 15:01
Peloton (PTON) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on August 22, 2024, might help the stock move higher if these key numbers are better than expectat ...