Zacks Research Raises Earnings Estimates for Planet Fitness

Key Points

• Analysts at Zacks Research have raised their Q2 2026 earnings per share estimate for Planet Fitness from $0.90 to $0.93.
• The consensus estimate for Planet Fitness’ full-year earnings is now $2.51 per share, with future earnings projections of $3.41 for FY2026 and $0.96 for Q2 2027.
• Research firms have maintained positive ratings for Planet Fitness, with an average target price of $107.38, reflecting a "Moderate Buy" consensus among analysts.

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Zacks Research upped their Q2 2026 EPS estimates for Planet Fitness in a research report issued on Wednesday, August 27th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.93 per share for the quarter, up from their prior estimate of $0.90. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share. Zacks Research also issued estimates for Planet Fitness' FY2026 earnings at $3.41 EPS and Q2 2027 earnings at $0.96 EPS.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The firm had revenue of $340.88 million during the quarter, compared to analysts' expectations of $329.59 million. Planet Fitness had a net margin of 15.11% and a negative return on equity of 110.18%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share.

Several other research analysts have also recently weighed in on PLNT. Stifel Nicolaus set a $120.00 price target on shares of Planet Fitness and gave the company a "buy" rating in a report on Thursday, May 22nd. Guggenheim reiterated a "buy" rating and issued a $110.00 price target on shares of Planet Fitness in a report on Monday, May 12th. Morgan Stanley upped their price target on shares of Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Raymond James Financial reiterated a "strong-buy" rating on shares of Planet Fitness in a report on Thursday, August 7th. Finally, Canaccord Genuity Group set a $126.00 target price on shares of Planet Fitness and gave the stock a "buy" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.38.

Planet Fitness Stock Down 0.0%

NYSE PLNT traded down $0.03 during trading on Monday, reaching $101.69. 1,277,823 shares of the stock traded hands, compared to its average volume of 1,486,146. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 45.20, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37. The stock's 50-day moving average price is $108.05 and its 200 day moving average price is $101.91. Planet Fitness has a fifty-two week low of $77.77 and a fifty-two week high of $114.47.

Institutional Trading of Planet Fitness

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new stake in Planet Fitness during the second quarter worth $25,000. Hantz Financial Services Inc. raised its position in shares of Planet Fitness by 964.0% in the second quarter. Hantz Financial Services Inc. now owns 266 shares of the company's stock valued at $29,000 after purchasing an additional 241 shares during the period. Brooklyn Investment Group raised its position in shares of Planet Fitness by 57.8% in the first quarter. Brooklyn Investment Group now owns 322 shares of the company's stock valued at $31,000 after purchasing an additional 118 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Planet Fitness by 184.5% in the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Planet Fitness by 187.6% in the first quarter. First Horizon Advisors Inc. now owns 371 shares of the company's stock valued at $36,000 after purchasing an additional 242 shares during the period. 95.53% of the stock is owned by institutional investors.

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.