Planet Fitness Inc reports results for the quarter ended March 31 - Earnings Summary

• Planet Fitness Inc PLNT.N reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 57 cents to 70 cents per share.

• Revenue rose 11.5% to $276.66 million from a year ago; analysts expected $279.16 million.

• Planet Fitness Inc's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $41.87 million.

• Planet Fitness Inc shares had risen by 5.3% this quarter and gained 2.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.5% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 3 "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 $110.00

This summary was machine generated from LSEG data May 8 at 01:32 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)