Q3 EPS Estimates for Planet Fitness Lifted by Zacks Research

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Equities research analysts at Zacks Research upped their Q3 2025 earnings per share estimates for Planet Fitness in a report issued on Thursday, May 29th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.74 per share for the quarter, up from their prior estimate of $0.73. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share. Zacks Research also issued estimates for Planet Fitness' Q1 2026 earnings at $0.65 EPS, Q3 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.99 EPS, Q1 2027 earnings at $0.77 EPS and FY2027 earnings at $3.78 EPS.

Several other analysts have also weighed in on the company. BMO Capital Markets upped their target price on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 target price on shares of Planet Fitness in a report on Monday, February 24th. Macquarie restated a "neutral" rating and issued a $95.00 price objective on shares of Planet Fitness in a research report on Tuesday, May 13th. Morgan Stanley upped their price objective on Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Canaccord Genuity Group assumed coverage on Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.11.

Planet Fitness Price Performance

Planet Fitness stock traded down $0.66 during trading hours on Monday, hitting $104.67. The stock had a trading volume of 288,315 shares, compared to its average volume of 1,392,351. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 2.45 and a beta of 1.33. Planet Fitness has a 1-year low of $62.81 and a 1-year high of $110.00. The stock's fifty day moving average is $97.95 and its two-hundred day moving average is $99.60.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.03). The business had revenue of $276.66 million for the quarter, compared to analyst estimates of $279.80 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company's revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS.

Hedge Funds Weigh In On Planet Fitness

A number of hedge funds have recently modified their holdings of PLNT. T. Rowe Price Investment Management Inc. grew its holdings in shares of Planet Fitness by 48.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock worth $782,169,000 after acquiring an additional 2,570,826 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Planet Fitness by 358.0% in the 1st quarter. Invesco Ltd. now owns 2,211,139 shares of the company's stock worth $213,618,000 after acquiring an additional 1,728,407 shares during the last quarter. Ninety One UK Ltd acquired a new position in shares of Planet Fitness in the 4th quarter worth $130,376,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Planet Fitness by 62.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,289,606 shares of the company's stock valued at $317,810,000 after buying an additional 1,268,262 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Planet Fitness during the fourth quarter valued at $100,009,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Company Profile

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.