Interactive Strength (TRNR) Projected to Announce Quarterly Earnings on Friday

Interactive Strength (NASDAQ:TRNR) is expected to release its results before the market opens on Friday, August 14th. Analysts expect the company to post earnings of ($19.67) per share and revenue of $8.00 million for the quarter.

Interactive Strength (NASDAQ:TRNR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($10.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($218.75) by $208.51. Interactive Strength had a negative net margin of 183.89% and a negative return on equity of 260.54%. The firm had revenue of $5.14 million during the quarter, compared to analysts’ expectations of $4.64 million.

Interactive Strength Stock Performance

NASDAQ TRNR opened at $3.42 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.26. Interactive Strength has a 1 year low of $2.37 and a 1 year high of $323.39. The company has a market capitalization of $1.13 million, a PE ratio of -0.01 and a beta of 0.44. The company has a fifty day moving average of $3.74 and a two-hundred day moving average of $10.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Interactive Strength from a “sell (e+)” rating to a “sell (e)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.50.

Interactive Strength Company Profile

Interactive Strength Inc, doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. The company offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online.