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Peloton (PTON) Stock Sinks As Market Gains: What You Should Know
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Peloton (PTON - Free Report) closed at $112.95 in the latest trading session, marking a -0.78% move from the prior day. This move lagged the S&P 500's daily gain of 0.25%.
Prior to today's trading, shares of the exercise bike and treadmill company had lost 5.01% over the past month. This has lagged the Consumer Discretionary sector's loss of 2.82% and the S&P 500's gain of 1.65% in that time.
PTON will be looking to display strength as it nears its next earnings release, which is expected to be August 26, 2021. The company is expected to report EPS of -$0.45, down 266.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $925.4 million, up 52.43% from the year-ago period.
It is also important to note the recent changes to analyst estimates for PTON. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PTON is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note PTON's current valuation metrics, including its Forward P/E ratio of 201.65. Its industry sports an average Forward P/E of 13.09, so we one might conclude that PTON is trading at a premium comparatively.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% 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 Sinks As Market Gains: What You Should Know
Peloton (PTON - Free Report) closed at $112.95 in the latest trading session, marking a -0.78% move from the prior day. This move lagged the S&P 500's daily gain of 0.25%.
Prior to today's trading, shares of the exercise bike and treadmill company had lost 5.01% over the past month. This has lagged the Consumer Discretionary sector's loss of 2.82% and the S&P 500's gain of 1.65% in that time.
PTON will be looking to display strength as it nears its next earnings release, which is expected to be August 26, 2021. The company is expected to report EPS of -$0.45, down 266.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $925.4 million, up 52.43% from the year-ago period.
It is also important to note the recent changes to analyst estimates for PTON. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PTON is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note PTON's current valuation metrics, including its Forward P/E ratio of 201.65. Its industry sports an average Forward P/E of 13.09, so we one might conclude that PTON is trading at a premium comparatively.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% 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.