-6.67% to $5.04 from $5.40
What moved PTON
- Morgan Stanley downgraded Peloton to Underweight from Equalweight.
- The firm cited a roughly 78% drop in gross subscriber additions from peak levels and forecast connected-fitness subscribers to keep shrinking through fiscal 2029.
- Morgan Stanley attributed the weakness to consumers shifting toward strength training and gyms rather than at-home connected fitness.
- Shares fell as much as 6-7% following the downgrade.
Sources: Investing.com · Blockonomi
+3.18% to $5.68 from $5.50
What moved PTON
- Fiscal fourth-quarter adjusted earnings of $0.13 per share on revenue of $608 million beat estimates of $0.12 per share and $597.4 million.
- Ending paid Connected Fitness subscriptions fell 8.8% year-over-year to 2.553 million, within the company’s guidance.
- Full-year net income was $63.2 million, reversing a $118.9 million loss a year earlier, aided by price increases taken last fall.
- The company guided for fiscal 2027 sales to decline nearly 4% to $2.3-$2.4 billion, below the $2.42 billion analyst estimate.
Sources: CNBC · StockTitan
-15.57% to $5.50 from $6.52
What moved PTON
- Ending paid connected fitness subscriptions totaled 2.553 million, down 8.8% year-over-year, within the company’s guided range.
- Fiscal 2027 revenue guidance of $2.3 billion-$2.4 billion came in below the $2.43 billion analyst consensus.
- First-quarter fiscal 2027 revenue guidance of $545 million-$565 million also missed the $566.7 million consensus, though adjusted EBITDA guidance of $135 million-$145 million was up year-over-year.
Sources: Investing.com · StockStory