PELETON (PTON)
EARNINGS RELEASE - SEPTEMBER 10 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .10/share REV: 582.5/M
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NEXT QTR: EPS: -.O4/share REV: 505.2/M
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FULL YR: EPS: -.64/share REV: 1,800/M
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LAST QTR: EPS: -.18/share ACTUAL: -.20/share (MISS)
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BEAT/MISS RECORD: 62% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 20.16, -11.86, -9.58
EXPECTED JUMP MOVE THIS QUARTER: 15+%
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Links To Latest News and Headlines
Peloton Interactive (NASDAQ: PTON), the company that sells at-home workout equipment and online workout subscriptions, has seen the same fate, with its stock down a whopping 40% year to date as of this writing. This is due to a rise in subscription churn and an equipment recall this spring. If you’re an investor in Peloton, there’s no doubt you’re hoping the rest of 2021 and future years are a lot better for this stock.
In the latest trading session, Peloton (PTON) closed at $93.83, marking a -1.05% move from the previous day.
Peloton (NASDAQ: PTON) closed its cycling studios in March 2020, just like every other fitness center did at the start of the pandemic. In 2019, the fitness industry had hit an all-time high revenue of around $35 billion, but it fell to $15 billion in 2020, a year that also saw the permanent closure of about 17% of gyms because of the pandemic. Peloton and its socially distant, at-home streaming workouts, on the other hand, had a banner year.
Planet Fitness (NYSE: PLNT) may seem like it’s in a tough spot as the discount gym chain is still struggling with COVID-19-inspired regulations, but the company still has competitive advantages in its industry, and was better able to survive the crisis than smaller, independent gym operators. In this segment of Motley Fool Live recorded on Oct. 7, Fool contributor Jon Quast explains why Planet Fitness is still a good bet to beat the market over the next five years. Jon Quast: Why it can beat the market over the next five years?
The market has been unkind this year to some of the hottest growth stocks of 2020. Three such stocks are Teledoc Health (NYSE: TDOC), Peloton Interactive (NASDAQ: PTON), and Zillow Group (NASDAQ: ZG) (NASDAQ: Z).
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| Avg Daily Volume: 8,128,629 Market Cap: 19.46B Sector: None Short Interest: 19.28 |
Ticker delayed 20 minutes
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