What Peloton's Q1 Results Tell Us About Its Recovery Strategy
After blazing a trail of success in terms of revenue, earnings, and stock market value throughout 2020's COVID-19 lockdowns, at-home streaming exercise company Peloton Interactive (NASDAQ: PTON) appears to have ridden off a cliff with its fiscal first-quarter 2022 results.
Released on Nov. 4, the report missed several analyst consensus targets, and management cut guidance to the bone. While Peloton's stock price only fell 4.6% by market close, after-hours trading torpedoed its value, collapsing it more than 30% in a few hours.
Peloton management maintains it can still carry on, but getting the stock back up to a high valuation looks like it's going to take a long time or some significant changes.
Source Fool.com
