Peloton Reports Earnings on Thursday. What to Expect.

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Connected-fitness firm Peloton is scheduled to report fiscal-first-quarter earnings before the market opens Thursday.

Peloton Interactive is scheduled to report fiscal-first-quarter earnings before the market opens Thursday, and analysts are expecting to see a revenue decline.

Analysts also expect the company to report a total of 2.99 million connected-fitness subscribers, an increase from 2.96 million a year ago, but down from 3.08 million in the fourth quarter. “In our view, shares do not reflect risk to revenue from increased churn due to declining platform engagement and subscriber base that is increasingly at risk as Covid cohorts reach the average subscriber lifetime,” Nagle said. He downgraded Peloton stock to Underperform from Neutral, and cut his price target to $4.15 from $6.50.

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