Continues to disappoint New York-based indoor fitness company Peloton among the 2020 Covid Winner stocks. 1 million, or $ 2.27 per share, compared to a net loss of $ 8.6 million, or 3 cents per share, in the first quarter of 2021. Liabilities per share were worse than analysts’ estimated 83 cents red.
Revenue stood at $ 964.3 million, down from $ 1.26 billion in the first three months of last year and worse than the estimated $ 972.9 million.
Peloton expects revenue for the next quarter between $ 675 million and $ 700 million, worse than $ 821.7 million, according to analysts interviewed by Refinitiv. The group expects a total of 2.98 million connected users, up just + 1% on a quarterly basis.
Peloton pays for the reopening of the economy from the darkest phase of the Covid-19 pandemic, which turned potential customers away from those indoor services they had relied on during lockdown periods, in which they were forced to remain indoors.
In 2020, Peloton’s prices had flown by as much as + 368%, and then fell by 76% in 2021, closing the session on 31 December last at $ 35.76, around the levels of May 2020. At the moment the stock is trading at a value just over 11 dollars.