Planet Fitness Inc (NYSE: PLNT) has reported earnings for its first fiscal quarter (ending March 31) of $0.39 versus $0.27 for the same period a year ago — an increase of 44%. Relative to the consensus estimate of $0.61, this was a shortfall of $-0.22. For the latest four quarters through March 31, E.P.S. were $1.75 compared to $1.25 a year ago — an increase of 40%.
Recent Price Action
On 5/9/24, Planet Fitness Inc (NYSE: PLNT) stock enjoyed a very large increase of 5.6%, closing at $65.32. Moreover, exceptionally high trading volume at 266% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 11.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, PLNT is expected to be a major Value Eraser.
Planet Fitness is currently unrated.
Rating Review
The stock is currently unrated.
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