Planet Fitness Inc reports results for the quarter ended in December - Earnings Summary

Planet Fitness

23/02/2024 03:00

* Planet Fitness Inc  PLNT.N  reported quarterly adjusted
earnings
of 60 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of
seventeen analysts for the quarter was for earnings of 58 cents
per share. Wall Street expected results to range from 55 cents
to 62 cents per share.
    * Revenue rose 1.4% to $285.09 million from a year ago;
analysts
expected $285.04 million. 
    * Planet Fitness Inc's reported EPS for the quarter was 41
cents​.
    * The company reported quarterly net income of $35.34
million.
    * Planet Fitness Inc shares had fallen by 9.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "buy"

Wall Street's median 12-month price target for Planet Fitness
Inc is $77.00 
This summary was machine generated from LSEG data February 23 at
03:00 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.58           0.60           Beat
 Sep. 30 2023      0.55           0.59           Beat
 Jun. 30 2023      0.54           0.65           Beat
 Mar. 31 2023      0.46           0.41           Missed