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

• Planet Fitness Inc PLNT.N reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 71 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 74 cents to 83 cents per share.

• Revenue rose 13.3% to $340.88 million from a year ago; analysts expected $329.91 million.

• Planet Fitness Inc's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $58.02 million.

• Planet Fitness Inc shares had risen by 0.2% this quarter and gained 10.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 2 "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 $112.00, about 2.4% above its last closing price of $109.27

This summary was machine generated from LSEG data August 6 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)