* Planet Fitness Inc 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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.