For its third fiscal quarter (ending September 30), Planet Fitness Inc (NYSE: PLNT) has reported a 44% increase in E.P.S. from $0.32 a year ago to $0.46 in the current quarter. However, this result fell short of the consensus estimate of $0.55 by $-0.09. E.P.S. were $1.62 for the latest four quarters through September 30 versus $0.85 for the same period a year ago — an increase of 91%.
Recent Price Action
Planet Fitness Inc (NYSE: PLNT) stock closed at $62.57 on 11/7/23 after a major increase of 13.4%. The stock has risen 13.1% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
PLNT is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Planet Fitness is currently unrated.
Rating Review
The stock is currently unrated.