We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Peloton (PTON) to Post Q2 Earnings: What's in the Offing?
Read MoreHide Full Article
Peloton Interactive, Inc. (PTON - Free Report) is scheduled to report second-quarter fiscal 2024 results on Feb 1, 2024, before the opening bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 22.2%,
The Trend in Estimate Revision
The Zacks Consensus Estimate for the fiscal second quarter is pegged at a loss of 55 cents per share. It reported a loss of 98 cents in the year-ago quarter.
For revenues, the consensus mark is pegged at $740.8 million, suggesting a decline of 6.6% from the year-ago quarter’s reported figure.
Factors at Play
Peloton is anticipated to report a decline in fiscal second-quarter revenues from the year-ago levels due to a decrease in hardware sales and increased churn in Connected Fitness subscriptions. Nevertheless, the impact of these challenges is expected to be partially mitigated by the company's growth initiatives and strategic partnerships. Additionally, PTON's emphasis on global expansion is likely to have acted positively.
For the to-be-reported quarter, the Zacks Consensus Estimate for Connected Fitness Products revenues is pegged at $324 million, down 15% from the prior-year levels. However, revenues from subscription are expected to increase 1.7% from the year-ago levels to $418 million.
Meanwhile, the company's bottom line is likely to have been affected by inflationary pressure and increased sales and marketing costs.
Our proven model does not conclusively predict an earnings beat Peloton this time around. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. But that's not the case here.
Earnings ESP: Peloton has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Peloton has a Zacks Rank #3.
Stocks Poised to Beat Earnings Estimates
Here are some stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Shares of MGM Resorts have gained 9.5% in the past year. MGM’s earnings beat estimates in each of the trailing four quarters, the average surprise being 292.7%.
Boyd Gaming Corporation (BYD - Free Report) has an Earnings ESP of +1.10% and a Zacks Rank #3.
Shares of Boyd Gaming have gained 6.8% in the past year. BYD’s earnings beat estimates in three of the trailing four quarters and missed once, the average surprise being 6.9%.
Hasbro, Inc. (HAS - Free Report) has an Earnings ESP of +5.05% and a Zacks Rank #3.
Shares of Hasbro have declined 13.5% in the past three months. HAS’ earnings beat estimates in two of the trailing four quarters and missed twice, the negative surprise being 22.4%, on average.
Image: Bigstock
Peloton (PTON) to Post Q2 Earnings: What's in the Offing?
Peloton Interactive, Inc. (PTON - Free Report) is scheduled to report second-quarter fiscal 2024 results on Feb 1, 2024, before the opening bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 22.2%,
The Trend in Estimate Revision
The Zacks Consensus Estimate for the fiscal second quarter is pegged at a loss of 55 cents per share. It reported a loss of 98 cents in the year-ago quarter.
For revenues, the consensus mark is pegged at $740.8 million, suggesting a decline of 6.6% from the year-ago quarter’s reported figure.
Factors at Play
Peloton is anticipated to report a decline in fiscal second-quarter revenues from the year-ago levels due to a decrease in hardware sales and increased churn in Connected Fitness subscriptions. Nevertheless, the impact of these challenges is expected to be partially mitigated by the company's growth initiatives and strategic partnerships. Additionally, PTON's emphasis on global expansion is likely to have acted positively.
For the to-be-reported quarter, the Zacks Consensus Estimate for Connected Fitness Products revenues is pegged at $324 million, down 15% from the prior-year levels. However, revenues from subscription are expected to increase 1.7% from the year-ago levels to $418 million.
Meanwhile, the company's bottom line is likely to have been affected by inflationary pressure and increased sales and marketing costs.
Peloton Interactive, Inc. Price and EPS Surprise
Peloton Interactive, Inc. price-eps-surprise | Peloton Interactive, Inc. Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat Peloton this time around. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. But that's not the case here.
Earnings ESP: Peloton has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Peloton has a Zacks Rank #3.
Stocks Poised to Beat Earnings Estimates
Here are some stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
MGM Resorts International (MGM - Free Report) has an Earnings ESP of +14.99% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of MGM Resorts have gained 9.5% in the past year. MGM’s earnings beat estimates in each of the trailing four quarters, the average surprise being 292.7%.
Boyd Gaming Corporation (BYD - Free Report) has an Earnings ESP of +1.10% and a Zacks Rank #3.
Shares of Boyd Gaming have gained 6.8% in the past year. BYD’s earnings beat estimates in three of the trailing four quarters and missed once, the average surprise being 6.9%.
Hasbro, Inc. (HAS - Free Report) has an Earnings ESP of +5.05% and a Zacks Rank #3.
Shares of Hasbro have declined 13.5% in the past three months. HAS’ earnings beat estimates in two of the trailing four quarters and missed twice, the negative surprise being 22.4%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.