Planet Fitness (PLNT) Q3 Earnings Preview: What You Need to Know Beyond the Headline Estimates

The upcoming report from Planet Fitness (PLNT) is expected to reveal quarterly earnings of $0.57 per share, which represents a 3.4% decline compared to the prior year period. Analysts are predicting revenue of $283.73 million, an increase of 2.2% year over year.

The EPS consensus estimate for the quarter has been improved by 0.2% over the past 30 days to the current level. This shows how analysts dealing with the stock have re-evaluated their initial estimates during this period.

Before a company’s earnings announcement, it’s important to consider updates to earnings estimates. This serves as an important indicator for predicting the actions of potential investors towards the stock. Empirical studies have shown a strong relationship between earnings forecasting methods and short-term stock price performance.

While investors typically rely on consensus earnings and revenue estimates to gauge how a business might have fared during the quarter, checking analysts’ estimates for other key company data is often helpful. to gain deeper insight.

Given this perspective, it’s time to review the standard “Planet Fitness metrics” forecasts that are regularly reviewed and predicted by Wall Street analysts.

Analysts’ consensus estimate suggests that the company’s ‘revenue department stores’ could reach $122.61 million. The estimate shows a change of +8.3% from last year’s quarter.

Analyst estimates point to ‘Revenue-Property share’ at $55.13 million. The estimate indicates a change of -16.7% from the previous year’s quarter.

Analysts’ consensus estimate indicates a ‘National Advertising Fund’ estimate of $18.99 Million. The estimate suggests a change of +8% annually.

Average analyst estimates put ‘Revenue- Franchise’ at $84.51 Million. The estimate shows an annual change of +4.9%.

The consensus estimate of ‘same store sales’ stood at 4.0%. Compared to the current estimate, the company reported 8.4% growth in the same quarter last year.

Analysts predict ‘Total Stores – End of Season’ to reach 2,644. The estimate is different from last year’s 2,498.

Analysts estimate that ‘EOP Franchise Stores’ will reach 2,381. Compared to the current estimate, the company reported 2,254 in the same quarter last year.

Based on a consensus of analysts, ‘EOP Corporate Stores’ should reach 264. The estimate is different from last year’s estimate of 244.

The Story Continues