PELOTON INTERACTIVE (PTON)

EARNINGS RELEASE WEDNESDAY - MAY 6 (AMC)

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JUMP REPORT

Avg Daily Volume: 7,681,763    Market Cap: 8.07B
Sector: None    Short Interest: 56.02

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:     – .17/share     REV:  486.6/M
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     LAST QTR:  EPS:       -.35/share     ACTUAL:   -.02/share  (BEAT)
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     NEXT QTR:  EPS:      -.20/share     REV:  380.3/M
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     FULL YR:     EPS:       -1.03/share      REV: 1,560/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  XX% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.56, -9.58, XX
EXPECTED JUMP MOVE:  10-12%

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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading. 

Links To Latest News and Headlines

22 Oct, 2020 @ 19:56 by Yahoo! Finance

Peloton was downgraded by Goldman Sachs on concerns over shipment delays and near-term opportunities already priced in, although it remains bullish long-term. The firm expects strong earnings results when Peloton reports on November 5, and anticipates the company to report 276k net adds, above its guidance of 229k-239k.

One notable analyst is downgrading the exercise biker maker’s stock after a 458% gain.The Peloton Analyst: Goldman Sachs analyst Heath Terry downgraded Peloton Interactive (NASDAQ: PTON) from Buy to Neutral with a $140 price target.The Peloton Thesis: “We continue to believe in the long term opportunity and Peloton and expect that the current pandemic will continue to both accelerate and steepen the adoption curve for the company’s leading connected fitness products,” Terry wrote in a note.Terry said Peloton has outperformed and trades near the price target of $140 “ahead of our expected timeline.” Shares of Peloton are up 458% since Terry added a Buy rating in October 2019, compared to a 14% gain for the S&P 500 over the same time.Peloton recently began notifying customers about shipping delays, which Terry said gives risk to guidance. Shipping delays are coming from congestion at the Port of Los Angeles.”Given the backlog of orders, the launch of Bike+,” the analyst wrote, “and efforts at increasing production, we expect the company to report 276k net adds, above their guidance of 229k-239k.”Related Link: Peloton CEO Says Apple Fitness+ Legitimizes Exercise MarketTerry is estimating revenue to hit $829 million for the first quarter versus guidance of $720 million to $730 million.Peloton is spending less on advertising due to the strong backlog and shipping delays, which Terry said “should contribute to profitability above their guidance for the quarter.”Peloton spent $23.1 million, $11.5 million and $7.7 million on media spending in January, February and March, respectively. The company did not spend more than $1 million a month on media spending a single month since until September with $1.1 million.PTON Price Action: Shares of Peloton are down slightly Thursday to $123.21.Latest Ratings for PTON DateFirmActionFromTo Oct 2020Goldman SachsDowngradesBuyNeutral Oct 2020KeyBancMaintainsOverweight Oct 2020B of A SecuritiesMaintainsBuy View More Analyst Ratings for PTON View the Latest Analyst Ratings See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Amazon Takes On Peloton With Connected Fitness Prime Bike * Apple Announces Fitness+ And Bundling Service Along With Watch, iPad Upgrades(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Zoom (NASDAQ: ZM), Shopify (NYSE: SHOP), and Peloton (NASDAQ: PTON) are all emerging as powerhouses in their respective businesses, a big reason these growth stocks have all more than doubled in the past year. The company is enabling small businesses to build brands, rather than squashing or controlling them, allowing innovation from others to drive growth.

Peloton Interactive Inc’s (NASDAQ: PTON) stock dropped in Wednesday’s after-hours session as Goldman Sachs downgraded the fitness equipment company’s stock rating from Buy to Neutral.What Happened: The investment bank revised its rating from factoring in the stock surge over the last one year period, Bloomberg reports. In the last twelve months, PTON stock price has rallied 4.8 times higher and returned close to 317% on a year-to-date basis.Goldman analyst Heath Terry believes that the company’s 480% stock surge has taken into account its near term opportunities, according to Bloomberg. Gym lockdowns during the pandemic resulted in increased demand for home exercise equipment, which in turn provided Peloton stock with an upward thrust.The Goldman analyst also hinted that the company’s upcoming quarterly release could fall short of expectations. Terry’s analysis was based on delayed shipping due to congestions in the Los Angeles Port, as per Bloomberg.Why Does It Matter: Last week, BofA Securities analyst Justin Post raised Peloton’s price target to $150, suggesting strong demand for its product. The home-exercise equipment maker’s new factory, where it plans to start operations sometime in December, could double its production capacity, according to Post.Peloton is set to release the financials for the first quarter of the fiscal year 2021 on Nov. 5.Price Action: After a 5.78% fall during regular trading hours, PTON dropped an additional 3.26% during the extended trading hours at $120.25 per share.Latest Ratings for PTON DateFirmActionFromTo Oct 2020Goldman SachsDowngradesBuyNeutral Oct 2020KeyBancMaintainsOverweight Oct 2020B of A SecuritiesMaintainsBuy View More Analyst Ratings for PTON View the Latest Analyst Ratings See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * McAfee Raises 0M In IPO * Microsoft Directs Sales Team To Promote Dynamic 365 Products(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

21 Oct, 2020 @ 23:46 by Yahoo! Finance

Peloton shares fell nearly 6% Wednesday, even after a bullish call from an analyst at KeyBanc Capital Markets.

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