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Peloton pedaled its way to new highs

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
At-home fitness made Peloton rally

The fitness company, Peloton reported the earnings figures for the fourth fiscal quarter, and the results came higher than expected. 

Peloton had sales of $607.1 million, while last year they had sales of $223 million. Its EPS came in at 27 cents. Analysts were looking for 10 cents/share on sales of $586 million. 

For the whole fiscal year, from equipment sales, Peloton had a $1.46 billion revenue, while from subscription services, it had figures of $363.7 million. During the previous fiscal year, it reported $719 million and $181 million in revenues. According to the report, the increases were caused by a #pandemic-induced demand for #fitness equipment.

For the next fiscal year, Peloton expects another increase in revenue from subscriptions, and an increase in user base of  2.1 million. The overall revenue is expected to be at a high of $3.65 billion. Analysts' consensus for the number of new subscribers is 1.78 million, while the revenues could reach $2.74 billion.

Since its September 2019 IPO, Peloton stock price gained more than 260%, while USA500 added 17.7%. 

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.