Peloton Interactive Inc. has been spinning its wheels in recent quarters trying to turn its business around, and investors will be looking for signs of progress Wednesday morning.
Peloton is expected to post a steep GAAP loss of $244 million for its December quarter, though that would be significantly below the $409 million loss it recorded in the September period and the whopping $1.2 billion loss it generated in the June quarter. All eyes will be on the outlook as well to see how Peloton expects to progress from this point.What to expect Earnings: Analysts tracked by FactSet expect Peloton to log a GAAP loss per share of 66 cents, compared with $1.39 a year prior.
Of the 30 analysts tracked by FactSet who cover Peloton’s stock, 13 have buy ratings, 15 have hold ratings, and two have sell ratings, with an average price target of $12.56.