Peloton has announced its Q1 2021 earnings call on November 5 after the US stock market closes. There will be a live webcast at 5 p.m. EST to discuss the quarter and to answer questions.
While down from its all-time high of $131.33, Peloton stock has still seen record growth this year. After starting the year below $30 per share, Peloton has reaped the benefits of gyms’ closures and stay at home orders. It still has not caught up with demand and, as the company noted from its previous earnings call, does not expect to until 2021.
Peloton’s stock was recently downgraded to neutral by Goldman Sachs following a 458% after adding Peloton to its American Buy List in October of 2019.
Peloton is seeing shipment delays due to congestion at the LA ports, which could hurt short term revenue results.