Peloton Q4 Earnings Preview
<p>Peloton Interactive Inc. (NASDAQ: PTON) will report fiscal Q4 results this Thursday. Wall Street analysts have an average Overweight rating on the company with price targets ranging from $45 to $185. Shares closed 1.37% lower on Monday at $106.59.  <p>

<p>Analysts expect the company to post a revenue of $923.5 million and $0.34 EPS loss vs. revenue of $607.1 million and $0.27 EPS in the same quarter last year. <p>

<p>The company saw a decline in its stock price at the start of the year, but climbed back from May when the news on Delta variant hit the US headlines.  <p>

<p>Oppenheimer analysts lowered their revenue estimates by 6% to $4.98 billion ahead of Q4 report, as 3P data suggests a slowdown in June/July product deliveries and connected-fitness sub growth. Analysts mentioned that the outgoing visits to Affirm.com (onepeloton.com to affirm.com has an 88% correlation to hardware (Bikes + Treads) deliveries) declined 38% quarter-on-quarter. While the brokerage believes the company will meet Q4 connected-fitness sub expectations on shorter-delivery times, it now expects 2022 guidance to be more conservative, and below consensus expectations. <p>

<p>However, Oppenheimer analysts mentioned that they remain long-term bulls on the company and will use post-quarter weakness as a buying opportunity.<p>

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