We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Factors Setting the Tone for Planet Fitness (PLNT) Q3 Earnings
Read MoreHide Full Article
Planet Fitness, Inc. (PLNT - Free Report) is scheduled to report third-quarter 2019 results on Nov 7. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 9.8%.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 35 cents, which calls for a rise from 28 cents reported in the prior-year quarter. In the past 30 days, the company’s earnings estimates have remained stable. The consensus mark for revenues is pegged at $162.5 million, suggesting an increase of 18.9% from the year-ago quarter’s reported figure.
Factors at Play
Planet Fitness’ third-quarter performance is likely to have benefited from robust performance in the franchise, equipment and corporate-owned store segments. The Zacks Consensus Estimate for franchise, equipment and corporate-owned store segment revenues is pegged at $54 million, $56 million and $39.2 million, suggesting year-over-year rise of 28.6%, 20.6% and 10.7%, respectively.
Moreover, higher demand, increase in net member, higher average royalty rate, consistent focus on strategic partnership and international expansion are likely to get reflected in the company’s third-quarter 2019 results.
Our proven model does not conclusively predict an earnings beat for Planet Fitness this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Planet Fitness has a Zacks Rank #5 and an Earnings ESP of -1.28%.
Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat.
International Game Technology PLC (IGT - Free Report) has a Zacks Rank #3 and an Earnings ESP of +20.00%.
Ralph Lauren Corporation (RL - Free Report) has a Zacks Rank #3 and an Earnings ESP of +0.21%.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Bigstock
Factors Setting the Tone for Planet Fitness (PLNT) Q3 Earnings
Planet Fitness, Inc. (PLNT - Free Report) is scheduled to report third-quarter 2019 results on Nov 7. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 9.8%.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 35 cents, which calls for a rise from 28 cents reported in the prior-year quarter. In the past 30 days, the company’s earnings estimates have remained stable. The consensus mark for revenues is pegged at $162.5 million, suggesting an increase of 18.9% from the year-ago quarter’s reported figure.
Factors at Play
Planet Fitness’ third-quarter performance is likely to have benefited from robust performance in the franchise, equipment and corporate-owned store segments. The Zacks Consensus Estimate for franchise, equipment and corporate-owned store segment revenues is pegged at $54 million, $56 million and $39.2 million, suggesting year-over-year rise of 28.6%, 20.6% and 10.7%, respectively.
Moreover, higher demand, increase in net member, higher average royalty rate, consistent focus on strategic partnership and international expansion are likely to get reflected in the company’s third-quarter 2019 results.
Planet Fitness, Inc. Price and EPS Surprise
Planet Fitness, Inc. price-eps-surprise | Planet Fitness, Inc. Quote
What Does the Zacks Model Say
Our proven model does not conclusively predict an earnings beat for Planet Fitness this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Planet Fitness has a Zacks Rank #5 and an Earnings ESP of -1.28%.
Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat.
Lululemon Athletica Inc. (LULU - Free Report) has a Zacks Rank #2 and an Earnings ESP of +1.54%. You can see the complete list of today’s Zacks #1 Rank stocks here.
International Game Technology PLC (IGT - Free Report) has a Zacks Rank #3 and an Earnings ESP of +20.00%.
Ralph Lauren Corporation (RL - Free Report) has a Zacks Rank #3 and an Earnings ESP of +0.21%.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>