Peloton Earnings: Will They Sprint By Expectations Again?
Peloton Interactive (NASDAQ: PTON) is slated to report its results for the first quarter of fiscal 2021 (covering July through September 2020) after the market close on Thursday, Nov. 5.
The maker of connected home-exercise equipment is heading into its report on a strong note. Last quarter, it crushed Wall Street's estimates for both the top and bottom lines, as the COVID-19 pandemic continued to provide a powerful catalyst for growth. Many gyms around the world were temporarily closed to halt the spread of the novel coronavirus and there are surely many consumers who are still shunning them.
Peloton bike and treadmill users aren't the only ones associated with the company who are generating endorphins. Investors watching their stock climb have probably been producing their fair share of the feel-good hormones. In 2020, shares of Peloton, which held its initial public offering (IPO) in September 2019, have gained 331% through Friday, Oct. 23. The broader market has returned 8.9% over this period.
Source Fool.com
