PTON - Watch Out Peloton! Nautilus Stock Soars After Earnings Crush Expectations
Nautilus (NYSE: NLS) reported strong results for the first quarter of calendar year 2021 after the market close on Monday, May 10. (The technology-driven fitness company is transitioning its fiscal-year calendar to run from April through March, so its next quarterly report will be for fiscal Q1 2022.)
Shares of Nautilus -- which owns the Bowflex, Schwinn Fitness, Nautilus, and JRNY brands -- soared 11.2% in Monday's after-hours trading session. The growth stock is up a whopping 192% over the one-year period through Monday's regular trading session. By comparison, shares of competitor Peloton Interactive (NASDAQ: PTON) are up 104% and the S&P 500 has returned 45% over this period.
The market's positive reaction is attributable to Nautilus' earnings and revenue for the reported period easily beating the Wall Street consensus estimates, revenue guidance for fiscal Q1 2022 also coming in much higher than analysts had been expecting, and the company's raising of its outlook for its long-term operating margin.
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Watch Out Peloton! Nautilus Stock Soars After Earnings Crush Expectations