Peloton Interactive Inc. is once again about to update investors on the progress of its turnaround.
The maker of connected exercise equipment is due to report fiscal fourth-quarter earnings Wednesday morning. Peloton PTON, -0.43% is expected to post another quarter of revenue declines, though losses are projected to improve.What to expect Earnings: Analysts tracked by FactSet expect Peloton to report a 40-cent loss per share, whereas the company lost $3.68 a share in the year-prior period.
The stock is down 95% from its pandemic-era all-time closing high of $167.42 achieved in January 2021, and it’s off about 12% so far this year. She expects the company to deliver 101,000 gross subscriber additions, which would mark a sequential decline. Peloton historically sees subscriber additions fall sequentially during the summer as the company pulls back on marketing due to greater interest in outdoor exercise, though she also sees the “softer consumer macro” playing a role.
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