Peloton Interactive Inc reports results for the quarter ended June 30 - Earnings Summary

• Peloton Interactive Inc PTON reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -22 cents. The mean expectation of fifteen analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -13 cents to 2 cents per share.

• Revenue fell 5.7% to $606.90 million from a year ago; analysts expected $579.80 million.

• Peloton Interactive Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $21.6 million.

• Peloton Interactive Inc shares had risen by 1.9% this quarter and lost 18.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the recreational products peer group is also "buy"

• Wall Street's median 12-month price target for Peloton Interactive Inc is $8.25, about 14.3% above its last closing price of $7.07

This summary was machine generated from LSEG data August 7 at 04:40 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)