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In the latest trading session, Peloton (PTON) closed at $103.42, marking a -1.43% move from the previous day. This change lagged the S&P 500’s 0.91% loss on the day.

– Zacks

Heading into today, shares of the exercise bike and treadmill company had lost 2.67% over the past month, lagging the Consumer Discretionary sector’s gain of 0.91% and the S&P 500’s gain of 0.01% in that time.

Wall Street will be looking for positivity from PTON as it approaches its next earnings report date. In that report, analysts expect PTON to post earnings of -$1.15 per share. This would mark a year-over-year decline of 675%. Our most recent consensus estimate is calling for quarterly revenue of $802.71 million, up 5.91% from the year-ago period.

PTON’s full-year Zacks Consensus Estimates are calling for earnings of -$1.98 per share and revenue of $5.37 billion. These results would represent year-over-year changes of -209.38% and +33.6%, respectively.

It is also important to note the recent changes to analyst estimates for PTON. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 450.4% lower within the past month. PTON currently has a Zacks Rank of #5 (Strong Sell).

The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow PTON in the coming trading sessions, be sure to utilize Zacks.com.

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Roland Millaner