Peloton (PTON) Gains But Lags Market: What You Should Know

Peloton (PTON) Gains But Lags Market: What You Should Know
This story originally appeared on Zacks

Peloton (PTON) closed the most recent trading day at $39.19, moving +1.27% from the previous trading session. The stock lagged the S&P 500’s daily gain of 1.78%. Meanwhile, the Dow gained 1.61%, and the Nasdaq, a tech-heavy index, added 0.95%.

Peloton (PTON) Gains But Lags Market: What You Should Know – Zacks

Prior to today’s trading, shares of the exercise bike and treadmill company had lost 12.21% over the past month. This has lagged the Consumer Discretionary sector’s loss of 9.2% and the S&P 500’s loss of 2.63% in that time.

Investors will be hoping for strength from Peloton as it approaches its next earnings release. The company is expected to report EPS of -$1.28, down 811.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.16 billion, up 9.35% from the year-ago period.

For the full year, our Zacks Consensus…

Continue reading