Peloton is reporting earning tomorrow, the stock has fallen over 89 percent recently

Peloton shares is down over 89% recently and the company is scheduled to report earnings tomorrow. Peloton stock is trading at an all-time low with the company facing issues with inventory and client retention.   CNBC reported that options traders are betting on the stock to trade down after the report tomorrow.

Peloton Quarterly Estimates.

EPS ( $0.83 and revenue of $973 m.

Less than a year ago, Peloton stock per share was trading at $129 per share due to high demand during the pandemic. Now that the world is trying to get back to normal. People are no longer locked in the house, as a result, the demand for Peloton products has reduced drastically.

The company is expected to report a per-share loss for its 3^rd quarter report as revenue has fallen from last year’s numbers.

“With a new CEO, no clear strategy yet, and the fundamental value proposition coming under question, there is a lot of uncertainty on what happens next with Peloton,” Bernstein analyst Aneesha Sherman wrote in a note to clients.