We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ahead of Planet Fitness (PLNT) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Planet Fitness (PLNT - Free Report) to post quarterly earnings of $0.72 per share in its upcoming report, which indicates a year-over-year increase of 12.5%. Revenues are expected to be $324.86 million, up 11.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Planet Fitness metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Franchise segment' reaching $113.52 million. The estimate indicates a year-over-year change of +10.8%.
Analysts forecast 'Revenue- Corporate-owned clubs' to reach $141.25 million. The estimate indicates a change of +10.2% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Equipment segment' will reach $68.36 million. The estimate indicates a change of +10.8% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Franchise' will reach $93.03 million. The estimate suggests a change of +12.3% year over year.
Based on the collective assessment of analysts, 'Total Stores - End of period' should arrive at 2,790 . Compared to the present estimate, the company reported 2,637 in the same quarter last year.
Analysts expect 'Same-store sales' to come in at 5.9%. The estimate compares to the year-ago value of 4.3%.
The collective assessment of analysts points to an estimated 'EOP Franchise Stores' of 2,507 . The estimate compares to the year-ago value of 2,369 .
The consensus estimate for 'EOP Corporate Stores' stands at 283 . Compared to the present estimate, the company reported 268 in the same quarter last year.
The average prediction of analysts places 'Total Stores - New stores opened' at 28 . Compared to the current estimate, the company reported 21 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Total Stores - Beginning of period' should come in at 2,763 . The estimate is in contrast to the year-ago figure of 2,617 .
The combined assessment of analysts suggests that 'Corporate-owned same store sales' will likely reach 5.9%. Compared to the present estimate, the company reported 3.4% in the same quarter last year.
Analysts predict that the 'Franchisee-owned stores - New stores opened' will reach 24 . Compared to the present estimate, the company reported 12 in the same quarter last year.
Shares of Planet Fitness have experienced a change of -5.7% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PLNT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ahead of Planet Fitness (PLNT) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect Planet Fitness (PLNT - Free Report) to post quarterly earnings of $0.72 per share in its upcoming report, which indicates a year-over-year increase of 12.5%. Revenues are expected to be $324.86 million, up 11.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Planet Fitness metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Franchise segment' reaching $113.52 million. The estimate indicates a year-over-year change of +10.8%.
Analysts forecast 'Revenue- Corporate-owned clubs' to reach $141.25 million. The estimate indicates a change of +10.2% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Equipment segment' will reach $68.36 million. The estimate indicates a change of +10.8% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Franchise' will reach $93.03 million. The estimate suggests a change of +12.3% year over year.
Based on the collective assessment of analysts, 'Total Stores - End of period' should arrive at 2,790 . Compared to the present estimate, the company reported 2,637 in the same quarter last year.
Analysts expect 'Same-store sales' to come in at 5.9%. The estimate compares to the year-ago value of 4.3%.
The collective assessment of analysts points to an estimated 'EOP Franchise Stores' of 2,507 . The estimate compares to the year-ago value of 2,369 .
The consensus estimate for 'EOP Corporate Stores' stands at 283 . Compared to the present estimate, the company reported 268 in the same quarter last year.
The average prediction of analysts places 'Total Stores - New stores opened' at 28 . Compared to the current estimate, the company reported 21 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Total Stores - Beginning of period' should come in at 2,763 . The estimate is in contrast to the year-ago figure of 2,617 .
The combined assessment of analysts suggests that 'Corporate-owned same store sales' will likely reach 5.9%. Compared to the present estimate, the company reported 3.4% in the same quarter last year.
Analysts predict that the 'Franchisee-owned stores - New stores opened' will reach 24 . Compared to the present estimate, the company reported 12 in the same quarter last year.
View all Key Company Metrics for Planet Fitness here>>>Shares of Planet Fitness have experienced a change of -5.7% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PLNT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .