Planet Fitness Inc reports results for the quarter ended September 30 - Earnings Summary

• Planet Fitness Inc PLNT.N reported quarterly adjusted earnings of 83 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from 76 cents to 84 cents per share.

• Revenue rose 9% to $359.98 million from a year ago; analysts expected $348.34 million.

• Planet Fitness Inc's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $52 million.

• Planet Fitness Inc shares had risen by 35.8% this quarter and lost 47.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the leisure & recreation peer group is also "buy"

• Wall Street's median 12-month price target for Planet Fitness Inc is $63.50, about 9.7% above its last closing price of $57.34

This summary was machine generated from LSEG data November 5 at 03:17 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)