Peloton Interactive, Inc. (NASDAQ: PTON) is scheduled to report fourth-quarter fiscal 2024 results on Aug 22, before the opening bell. In the last reported quarter, the company's earnings missed the Zacks Consensus Estimate by 15.4%.
The Trend in Estimate Revision
The Zacks Consensus Estimate for the fourth quarter is pegged at a loss of 18 cents per share. It reported a loss of 68 cents per share in the year-ago quarter.
For revenues, the consensus mark is pegged at $626.3 million, indicating a decline of 2.5% from the year-ago quarter's reported figure.
Factors at Play
Peloton is anticipated to report a decline in fourth-quarter revenues from the year-ago levels due to a decrease in Connected Fitness Products revenues and increased churn in Connected Fitness subscriptions. Nevertheless, the impact of these challenges is expected to have been partially mitigated by the company's growth initiatives and strategic partnerships. Additionally, PTON's emphasis on global expansion is likely to have acted positively.
For the to-be-reported quarter, the Zacks Consensus Estimate for Connected Fitness Products revenues is pegged at $193.9 million, down 12% from the prior-year level. However, revenues from subscription are expected to increase 3% year over year to $434.3 million.
Meanwhile, loss per share is likely ...
