Peloton Interactive, Inc. PTON is an interactive fitness company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PTON’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Peloton could be a solid choice for investors.
Current Quarter Estimates for PTON
In the past 30 days, nine estimates have gone higher for Peloton while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of 23 cents a share 30 days ago, to earnings of 7 cents today.
Current Year Estimates