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

Planet Fitness

06/08/2024 15:22

* Planet Fitness Inc  PLNT.N  reported quarterly adjusted
earnings
of 71 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 65 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 66 cents per share. Wall Street
expected results to range from 63 cents to 71 cents per share.
    * Revenue rose 5.1% to $300.94 million from a year ago;
analysts
expected $288.23 million. 
    * Planet Fitness Inc's reported EPS for the quarter was 56
cents​.
    * The company reported quarterly net income of $48.64
million.
    * Planet Fitness Inc shares had fallen by 2.1% this
quarter and
lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 3
"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 $80.00 
This summary was machine generated from LSEG data August 6 at
02:22 p.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
 Jun. 30 2024      0.66           0.71           Beat
 Mar. 31 2024      0.50           0.53           Beat
 Dec. 31 2023      0.58           0.60           Beat
 Sep. 30 2023      0.55           0.59           Beat