Is Peloton Stock A Good Buy?

Salesforce and Peloton: 2 Earnings Reports To Watch This Week

We have some big earnings reports to look forward to this week so here are two companies we think investors need to watch out for.

There can be a lot of confusion around earnings season as investors scramble to decipher a myriad of reports and figures. 

To help, we’re looking at two very different — albeit interesting — investments and what to expect from their Q2 earnings calls this week.

Let’s get to it!

Salesforce 

First up is the SaaS powerhouse itself as Salesforce (NYSE: CRM) enters the next stage of its lifecycle following the successful integration of Slack last week. The $200 billion tech giant had a very strong 2020 and Q1, but analysts are less optimistic this time around. 

The outsized gains of 2020 are expected to catch up and earnings to fall 37% year-over-year (YoY) in Q2 to $0.91 per share. However, revenue is expected to increase by 21% to around $6.2 billion. Investors should also keep an eye out for any mention of the company’s Slack integration plans, and whether it will be used to help boost growth in the coming quarters. 

Salesforce will report its Q2 earnings on Wednesday, 25 August.

Peloton

It’s been a tough year for the popular exercise equipment maker. Following 2020’s extraordinary success, the stock is lagging in 2021. Much like Salesforce, investors are expecting earnings to decline YoY as COVID-19 restrictions ease and consumers return to gyms instead of buying at-home solutions. 

The company is expected to report EPS of -$0.45, down 266.67% YoY, while analysts are calling for quarterly revenue of $925.4 million, up 52.43% from the year-ago period. Investors should keep an eye out for some exciting developments in the works, including a UnitedHealthcare partnership and more details on its upcoming foray into gaming, ‘Lanebreak’.

Peloton (NASDAQ: PTON) will report its Q2 earnings on Thursday, 26 August.

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