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Compared to Estimates, Peloton (PTON) Q1 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Peloton (PTON - Free Report) reported revenue of $586 million, down 1.6% over the same period last year. EPS came in at $0.00, compared to -$0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $574.58 million, representing a surprise of +1.99%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being -$0.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Peloton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Ending Connected Fitness Subscriptions: 2,900 versus the three-analyst average estimate of 2,895.
Average Net Monthly Connected Fitness Churn: 1.9% versus the two-analyst average estimate of 1.8%.
Revenues- Subscription: $426.30 million compared to the $415.74 million average estimate based on three analysts. The reported number represents a change of +2.7% year over year.
Revenues- Connected Fitness Products: $159.60 million versus $165.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11.6% change.
Gross profit- Subscription: $289.10 million versus $281.02 million estimated by three analysts on average.
Gross profit- Connected Fitness Products: $14.60 million versus the three-analyst average estimate of $12.02 million.
Shares of Peloton have returned +43.9% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Peloton (PTON) Q1 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Peloton (PTON - Free Report) reported revenue of $586 million, down 1.6% over the same period last year. EPS came in at $0.00, compared to -$0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $574.58 million, representing a surprise of +1.99%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being -$0.15.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Peloton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Ending Connected Fitness Subscriptions: 2,900 versus the three-analyst average estimate of 2,895.
- Average Net Monthly Connected Fitness Churn: 1.9% versus the two-analyst average estimate of 1.8%.
- Revenues- Subscription: $426.30 million compared to the $415.74 million average estimate based on three analysts. The reported number represents a change of +2.7% year over year.
- Revenues- Connected Fitness Products: $159.60 million versus $165.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11.6% change.
- Gross profit- Subscription: $289.10 million versus $281.02 million estimated by three analysts on average.
- Gross profit- Connected Fitness Products: $14.60 million versus the three-analyst average estimate of $12.02 million.
View all Key Company Metrics for Peloton here>>>Shares of Peloton have returned +43.9% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.