Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Peloton (NASDAQ:PTON) and its peers.

Consumer electronics companies aim to address the evolving leisure and entertainment needs of consumers, who are increasingly familiar with technology in everyday life. Whether it’s speakers for the home or specialized cameras to document everything from a surfing session to a wedding reception, these businesses are trying to provide innovative, high-quality products that are both useful and cool to own. Adding to the degree of difficulty for these companies is technological change, where the latest smartphone could disintermediate a whole category of consumer electronics. Companies that successfully serve customers and innovate can enjoy high customer loyalty and pricing power, while those that struggle with these may go the way of the VHS tape.

The 4 consumer electronics stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 3.8% while next quarter’s revenue guidance was 5.9% below.

Luckily, consumer electronics stocks have performed well with share prices up 25.4% on average since the latest earnings results.

Slowest Q2: Peloton (NASDAQ:PTON)

Started as a Kickstarter campaign, Peloton (NASDAQ: PTON) is a fitness technology company known for its at-home exercise equipment and interactive online workout classes.

Peloton reported revenues of $643.5 million, flat year on year. This print exceeded analysts’ expectations by 2.6%. Overall, it was a satisfactory quarter for the company with optimistic EBITDA guidance for the next quarter but revenue guidance for next quarter missing analysts’ expectations.

Interestingly, the stock is up 88.4% since reporting and currently trades at $6.33.

Is now the time to buy Peloton? Access our full analysis of the earnings results here, it’s free.

Best Q2: Sonos (NASDAQ:SONO)

A pioneer in connected home audio systems, Sonos (NASDAQ:SONO) offers a range of premium wireless speakers and sound systems.

Sonos reported revenues of $397.1 million, up 6.4% year on year, outperforming analysts’ expectations by 1.5%. The business had an exceptional quarter with an impressive beat of analysts’ earnings and EBITDA estimates.

Sonos delivered the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 6.5% since reporting. It currently trades at $12.75.

Is now the time to buy Sonos? Access our full analysis of the earnings results here, it’s free.

Apple (NASDAQ:AAPL)

Creator of the iPhone and shepherd of the App Store, Apple (NASDAQ:AAPL) is a legendary developer of consumer electronics and software.