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

Planet Fitness

09/05/2024 15:23

* Planet Fitness Inc  PLNT.N  reported quarterly adjusted
earnings
of 53 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 41 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 50 cents per share. Wall Street
expected results to range from 47 cents to 55 cents per share.
    * Revenue rose 11.6% to $248.02 million from a year ago;
analysts
expected $249.48 million. 
    * Planet Fitness Inc's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of $34.31
million.
    * Planet Fitness Inc shares had fallen by 1.2% this
quarter and
lost 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
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 $78.00 
This summary was machine generated from LSEG data May 9 at 02:23
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
 Mar. 31 2024      0.50           0.53           Beat
 Dec. 31 2023      0.58           0.60           Beat
 Sep. 30 2023      0.55           0.59           Beat
 Jun. 30 2023      0.54           0.65           Beat