FMP
Peloton Interactive Shares Plummeted on Q2 Pre-Announcement
Jan 21, 2022 4:03 PM - Davit Kirakosyan
Image credit: FMP
Peloton Interactive, Inc. (NASDAQ:PTON) shares plummeted around 24% on Thursday, before recovering slightly today (up 7% at the time of writing) following the company’s pre-announced weaker Q2 net adds. Quarterly pre-announced net adds were 12% below the Street estimates, resulting in connected fitness subs 1% below estimates.
The announcement follows press reports of Peloton halting production of bikes/treadmills due to oversupply, which the company is denying.
Analysts at Oppenheimer adjusted their price target on the company’s shares to $40 from $85, lowering 2022/2023 connected fitness subs by 4%/8%, to +39%/+30% year-over-year, implying 920,000/975,000 net adds, compared to 1.2 million in 2021.
However, the analysts maintained their Outperform rating as they believe the company will sustain its leadership position in connected fitness over the long term.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
