Planet Fitness (PLNT) Expected to Announce Earnings on Thursday

Planet Fitness (NYSE:PLNT - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $279.80 million for the quarter. Planet Fitness has set its FY 2025 guidance at 2.870-2.900 EPS and its FY25 guidance at $2.87-2.90 EPS.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the company posted $0.60 EPS. Planet Fitness's revenue for the quarter was up 19.4% on a year-over-year basis. On average, analysts expect Planet Fitness to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Planet Fitness Price Performance

NYSE:PLNT traded down $0.75 during mid-day trading on Monday, reaching $98.33. 618,792 shares of the company's stock traded hands, compared to its average volume of 1,408,448. Planet Fitness has a 12-month low of $59.16 and a 12-month high of $110.00. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 52.80, a PEG ratio of 2.45 and a beta of 1.33. The company has a 50 day moving average price of $95.74 and a 200-day moving average price of $97.23.

Analyst Ratings Changes

PLNT has been the topic of several analyst reports. Macquarie lowered their price objective on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating for the company in a research report on Friday, February 28th. BMO Capital Markets lifted their price target on shares of Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Roth Mkm restated a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Finally, Piper Sandler upped their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.72.

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.