Stock Groups

Peloton (PTON) to report fiscal Q1 2022 earnings

[ad_1]

Peloton Bike

Shannon Stapleton | Reuters

PelotonThe market will close on Thursday and the company is scheduled to announce its fiscal first quarter financials.

Refinitiv’s analysts have compiled the following:

  • Per share lossAdjusted: $1.07 loss
  • Revenue810.7 Million

Peloton’s current financial year guidance will also be important to investors, beyond the quarterly results.

Justin Post, an analyst at Bank of America Securities, noted that his company’s clients had been informed by him that Wall Street is listening to comments about consumer demand for the Tread treadmill from Peloton and will also be discussing churn rates. There are continued hints of new products coming down the pipe.

Supply chain problems can be managed by the company. invested in air freightTo move goods from abroad, U.S. ports are backedlogged and it is difficult to find cargo containers. Peloton purchased Precor, an American fitness equipment producer, to give it access to the facilities needed for its bikes and treadmills.

Peloton, in the meantime, has increased its marketing efforts over recent months to promote its products. now cheaper-priced Bike productAs well its redesigned TreadFollowing a recall of the treadmill, A number of children died and injuries were reported from the treadmill’s Tread+ unit. There was also reports about the touchscreen being thrown off of its tread.

Investors are interested in how the consumers react to cost-cutting and new marketing campaigns.

Peloton shares are down 43% over the last year. Peloton’s market capitalization is $26.3 billion.

The story is still in development. Stay tuned for new updates.

[ad_2]