Peloton (PTON) third quarter 2021 fiscal earnings.

A Peloton exercise bike for sale at the company’s showroom in Dedham, Massachusetts, USA on Wednesday, February 3, 2021.

Adam Glanzman | Bloomberg | Getty Images

group is set to report its fiscal third quarter results on Tuesday before market opening, the first for Barry McCarthy, the company’s recently appointed chief executive officer.

The report also arrives as the company’s stock price continues to fall. Peloton stock closed at an all-time low of $ 14.06 on Monday, after falling more than 55% this year.

Analysts and investors want to hear firsthand McCarthy, who has been at the helm of Peloton for nearly three months, about how he plans to restore the business to profitability by keeping costs under control and keeping subscribers.

McCarthy’s recent efforts include dramatically reducing the cost of Peloton’s high-end cycles and treadmillsin an effort to make hardware more affordable and increase monthly subscription fees for users with unlimited access starting in June.

Here’s what Wall Street expects to report Peloton for its fiscal third quarter, based on a Refinitiv analyst poll:

  • Loss per share: 83 cents
  • Income: $ 972.9 million

John Blackledge, an analyst at Cowen & Co., said he was eager to see how the company will drive its fourth quarter, including Peloton’s expectations for subscriber growth. Peloton previously said it expected to end its third quarter with 2.93 million connected fitness subscribers.

Blackledge predicts Peloton will see a deceleration in net new subscribers, units sold, and revenue from a year earlier, as the connected fitness equipment maker needs to assess what organic consumer demand will be after the pandemic.

Consumer comfort levels for returning to the gym and other indoor fitness activities continue to rise, Blackledge noted to customers. That, plus the return of warmer weather, could represent headwinds for the home fitness industry in the short term, she said.

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