It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Planet Fitness, headquartered in Hampton, NH, was formed in 1992. It is one of the leading franchisors and operators of fitness centers in the United States. As of Sept. 30, 2024, the company had approximately 19.6 million members and 2,637 stores in all 50 states of the United States, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain. As of Dec 31, 2023, about 90% of all franchise stores were owned and operated by a franchisee group.
PLNT is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 12.1% year-over-year for the current fiscal year, with sales growth of 9%.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.01 to $2.51 per share. PLNT also boasts an average earnings surprise of 7.8%.
Looking at cash flow, Planet Fitness is expected to report cash flow growth of 27.3% this year; PLNT has generated cash flow growth of 17.3% over the past three to five years.
PLNT should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Planet Fitness, Inc. (PLNT) : Free Stock Analysis Report
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