The highly anticipated financial results for the first quarter of Peloton Interactive (NASDAQ: PTON) are scheduled to be disclosed on Thursday 31st October 2024. This important update will be made available before market open, providing investors and market participants with key information regarding the company's financial status.
Financial analysts on Wall Street are anticipating that the firm will announce an estimated $0.16 loss per share for the quarter. Furthermore, the firm is projected to disclose a total revenue of $574.84 million for this period.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share loss of $0.44. This numbers can be credited to the company's total revenue, which amounted to an impressive $595.5 million during the same quarter.
Analysts on Wall Street have shared their predictions regarding the annual performance of the company, estimating a total revenue of $2.46 billion. Additionally, they are expecting the company to achieve per share loss of $0.58 for the fiscal year.
PTON has scheduled a conference call on 31st October 2024 at 08:30 AM eastern time to discuss the first quarter financial results and other related information.
Peloton Interactive (PTON) closed Tuesday's regular trading session at $6.78, indicating a 5.94 percent increase, with a volume of 17.78 million shares.
