Planet Fitness Inc reports results for the quarter ended in September 30 - Earnings Summary

Planet Fitness

07/11/2024 14:43

* Planet Fitness Inc  PLNT.N  reported quarterly adjusted
earnings
of 64 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 59 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 54 cents
to 62 cents per share.
    * Revenue rose 5.3% to $292.25 million from a year ago;
analysts
expected $285.25 million. 
    * Planet Fitness Inc's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $42.01
million.
    * Planet Fitness Inc shares had risen by 4.2% this
quarter and
gained 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 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 90.00 
This summary was machine generated from LSEG data November 7 at
02:43 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
 Sep. 30 2024      0.58           0.64           Beat
 Jun. 30 2024      0.66           0.71           Beat
 Mar. 31 2024      0.50           0.53           Beat
 Dec. 31 2023      0.58           0.60           Beat