Planet Fitness (NYSE:PLNT – Get Free Report) is set to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Planet Fitness to post earnings of $0.49 per share for the quarter. Planet Fitness has set its FY 2024 guidance at 2.460-2.490 EPS and its FY24 guidance at $2.46-2.49 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Planet Fitness (NYSE:PLNT – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Planet Fitness had a negative return on equity of 120.89% and a net margin of 12.91%. The business had revenue of $285.10 million during the quarter, compared to analysts’ expectations of $282.35 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts expect Planet Fitness to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Planet Fitness Stock Up 2.3 %
PLNT stock opened at $62.02 on Wednesday. The business’s 50-day moving average price is $61.44 and its 200-day moving average price is $65.24. The stock has a market cap of $5.47 billion, a P/E ratio of 38.28, a PEG ratio of 1.93 and a beta of 1.37. Planet Fitness has a twelve month low of $44.13 and a twelve month high of $75.86.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Planet Fitness
About Planet Fitness
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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