Planet Fitness (PLNT) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.65 per share a year ago.
Planet Fitness Inc.'s stock PLNT, -0.54% rose in premarket trading Tuesday after the fitness chain topped analyst estimates for adjusted profit and revenue, as its profit climbed 18%. Planet Fitness said its second-quarter net income rose to $48.64 million, or 56 cents a share, from $41.14 million, or 48 cents a share, in the year-ago quarter.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Planet Fitness (PLNT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Planet Fitness is a differentiated offering in the large-scale gym and leisure space. PLNT boasts a broad network of stores and a significant member base, with ongoing global expansion plans. Despite the fact management has an extensive runway to deploy capital on, the headwind is at what rates it will earn on these investments against opportunities of equal risk.
Planet Fitness (PLNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Planet Fitness (PLNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The shares of Planet Fitness Inc (NYSE:PLNT) are up 3.1% before the bell, after TD Cowen upgraded the recreation stock to "buy" from "hold" and raised its price target to $92 from $66.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Planet Fitness (PLNT) shares rose in intraday trading Monday following an upgrade from Jefferies, which was optimistic about new leadership and the potential gain in the number of franchises for the gym operator.
Jefferies analysts upgrade the gym stock to Buy from Hold and boost their price target to $100 from $62.