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Peloton (PTON) Stock Moves -1.59%: What You Should Know
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In the latest trading session, Peloton (PTON - Free Report) closed at $8.69, marking a -1.59% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the exercise bike and treadmill company had lost 2.97% over the past month, outpacing the Consumer Discretionary sector's loss of 6.33% and the S&P 500's loss of 4.08% in that time.
Wall Street will be looking for positivity from Peloton as it approaches its next earnings report date. In that report, analysts expect Peloton to post earnings of -$0.65 per share. This would mark year-over-year growth of 48%. Our most recent consensus estimate is calling for quarterly revenue of $638.73 million, down 20.67% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.12 per share and revenue of $3.12 billion. These totals would mark changes of +54.31% and -12.77%, respectively, from last year.
Any recent changes to analyst estimates for Peloton should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. Peloton is holding a Zacks Rank of #3 (Hold) right now.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 201, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Peloton (PTON) Stock Moves -1.59%: What You Should Know
In the latest trading session, Peloton (PTON - Free Report) closed at $8.69, marking a -1.59% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the exercise bike and treadmill company had lost 2.97% over the past month, outpacing the Consumer Discretionary sector's loss of 6.33% and the S&P 500's loss of 4.08% in that time.
Wall Street will be looking for positivity from Peloton as it approaches its next earnings report date. In that report, analysts expect Peloton to post earnings of -$0.65 per share. This would mark year-over-year growth of 48%. Our most recent consensus estimate is calling for quarterly revenue of $638.73 million, down 20.67% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.12 per share and revenue of $3.12 billion. These totals would mark changes of +54.31% and -12.77%, respectively, from last year.
Any recent changes to analyst estimates for Peloton should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. Peloton is holding a Zacks Rank of #3 (Hold) right now.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 201, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.