For the quarter ended June 2023, Planet Fitness (PLNT - Free Report) reported revenue of $286.46 million, up 27.6% over the same period last year. EPS came in at $0.65, compared to $0.38 in the year-ago quarter.
The reported revenue represents a surprise of +15.00% over the Zacks Consensus Estimate of $249.1 million. With the consensus EPS estimate being $0.54, the EPS surprise was +20.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Planet Fitness performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same-store sales: 8.7% compared to the 8.87% average estimate based on seven analysts.
- Total Stores - End of period: 2472 versus 2478.86 estimated by seven analysts on average.
- Corporate-owned same store sales: 12.1% versus the five-analyst average estimate of 9.53%.
- Franchisee-owned same store sales: 8.6% versus 8.93% estimated by five analysts on average.
- Total Stores - New stores opened: 26 versus the four-analyst average estimate of 34.5.
- Franchisee-owned stores - New stores opened: 23 compared to the 30.25 average estimate based on four analysts.
- Corporate-owned stores - New stores opened: 3 versus the three-analyst average estimate of 4.
- Revenue- National advertising fund: $18 million versus the seven-analyst average estimate of $17.13 million. The reported number represents a year-over-year change of +23.4%.
- Revenue- Franchise: $80.85 million versus $78.55 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +19% change.
- Revenue- Equipment segment: $73.86 million versus the seven-analyst average estimate of $41.25 million. The reported number represents a year-over-year change of +82.6%.
- Revenue- Corporate-owned stores segment: $113.76 million compared to the $113.97 million average estimate based on seven analysts. The reported number represents a change of +12.1% year over year.
- Revenue- Franchise segment: $98.80 million versus $101.93 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +19.8% change.
View all Key Company Metrics for Planet Fitness here>>>
Shares of Planet Fitness have returned +0.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
(We are reissuing this article to correct a mistake. The original article, issued on August 3, 2023, should no longer be relied upon.)
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For the quarter ended June 2023, Planet Fitness (PLNT - Free Report) reported revenue of $286.46 million, up 27.6% over the same period last year. EPS came in at $0.65, compared to $0.38 in the year-ago quarter.
The reported revenue represents a surprise of +15.00% over the Zacks Consensus Estimate of $249.1 million. With the consensus EPS estimate being $0.54, the EPS surprise was +20.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Planet Fitness performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Planet Fitness here>>>
Shares of Planet Fitness have returned +0.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
(We are reissuing this article to correct a mistake. The original article, issued on August 3, 2023, should no longer be relied upon.)
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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