The Numbers Behind Peloton's Strong Quarter
The Numbers Behind Peloton's Strong Quarter
Peloton Interactive Inc (NASDAQ: PTON) seems poised to benefit from a longer-term change in consumer habits, according to BofA Securities.
The Peloton Analyst: Justin Post maintained a Buy rating for Peloton, while raising the price target from $54 to $72.
The Peloton Thesis: Peloton’s app downloads on iOS and Android rose by 343% year-on-year in the fourth quarter of fiscal 2020, versus 134% in the previous quarter, although downloads declined in May and June from April’s levels, Post said in the note.
Peloton’s searches climbed 204% year-on-year in the fiscal fourth quarter, versus 70% in the prior quarter, and remained well ahead of its competitors. Post said monthly total visits to the company’s side were 2.95 million in June, well above the pre-COVID levels and competition, despite the decline from April’s peak levels.
Post raised the revenue and EBITDA estimates for the fiscal fourth quarter from $529 million to $548 million and from $67 million to $76 million, respectively, citing robust demand.
Strong demand is likely to continue into the first quarter of fiscal 2021, the analyst said. He raised the revenue and EBITDA estimates for fiscal 2021 from $2.50 billion to $2.62 billion and from $41 million to $117 million, respectively, on higher unit sales and subscriptions.
PTON Price Action: Shares of Peloton rose 2.5% to $64.09 at the time of publication Thursday.
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Peloton Interactive Inc (NASDAQ: PTON) seems poised to benefit from a longer-term change in consumer habits, according to BofA Securities.
佩洛顿互动 美國銀行證券報導，納斯達克股票代碼：PTON）似乎有望受益於消費者習慣的長期變化。
The Peloton Analyst: Justin Post maintained a Buy rating for Peloton, while raising the price target from $54 to $72.
佩洛頓分析師： 賈斯汀·波斯特維持了買入評級佩洛頓，同時將目標價格從 54 美元提高到 72 美元。
The Peloton Thesis: Peloton’s app downloads on iOS and Android rose by 343% year-on-year in the fourth quarter of fiscal 2020, versus 134% in the previous quarter, although downloads declined in May and June from April’s levels, Post said in the note.
伯洛頓論文： Post 在報告中說，佩洛頓在 iOS 和 Android 上的應用下載量在 2020 財年第四季度同比上升 343％，而上一季度的下載量為 134％，儘管 5 月和 6 月的下降量從 4 月份的水平下降。
Peloton’s searches climbed 204% year-on-year in the fiscal fourth quarter, versus 70% in the prior quarter, and remained well ahead of its competitors. Post said monthly total visits to the company’s side were 2.95 million in June, well above the pre-COVID levels and competition, despite the decline from April’s peak levels.
Peloton 的搜索量在第四季度同比攀升 204%，而上一季度則為 70%，並保持領先於競爭對手。帖子說，儘管 4 月份的高峰水平有所下降，但 6 月份對該公司方面的總訪問量為 2.95 萬，遠遠高於 COVID 前的水平和競爭對手。
Post raised the revenue and EBITDA estimates for the fiscal fourth quarter from $529 million to $548 million and from $67 million to $76 million, respectively, citing robust demand.
據強勁的需求，Post 將第四季的收入和息稅折舊攤銷前利潤估計從 5.29 億美元提高至 5.48 億美元，分別從 6,700 萬美元提高至 7,600 萬美元。
Strong demand is likely to continue into the first quarter of fiscal 2021, the analyst said. He raised the revenue and EBITDA estimates for fiscal 2021 from $2.50 billion to $2.62 billion and from $41 million to $117 million, respectively, on higher unit sales and subscriptions.
分析師表示，強勁的需求可能會繼續到 2021 財年第一季度。他將 2021 會計年度的收入和稅息折舊攤銷前利潤預計從 25,000 億美元提高至 262 億美元，並分別從 4,100 萬美元提高至 1.17 億美元。
PTON Price Action: Shares of Peloton rose 2.5% to $64.09 at the time of publication Thursday.
PTON 價格行動： 週四公佈時，大約股份上漲 2.5％，至 64.09 美元。
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譯文內容由第三人軟體翻譯。
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