Planet Fitness (PLNT) earned $ 0.25 a quarter, beating the Zhax deal by $ 0.17 per share. This compares to $ 0.02 per share a year ago. These figures have been corrected for non-recurring items.
This quarterly report shows revenue growth of 47.06 percent. A quarter ago, the fitness center operator was expected to earn $ 0.21 per share and earn $ 0.22 per share, a staggering -4.55%.
Over the past four quarters, the company has surpassed EPS estimates only once.
Planet Fitness, a Zach Entertainment and entertainment service company, posted $ 154.26 million in revenue for the fourth quarter of September, 2021, an increase of 13.62 percent over the Zach deal. That’s $ 105.38 million a year ago. The company has doubled its revenue estimates twice in the past four quarters.
The sustainability of the stock’s rapid price movement, based on recent numbers and future earnings expectations, largely depends on the direction of the management. Incoming call.
Planetary fitness shares have increased by about 6.4% since the beginning of the year, compared to 24.1% of the S&P 500.
What’s next for Planet Fitness?
With Planet Fitness on the market this year, the question that comes to mind is what is the stock’s next move?
There are no easy answers to this key question, but one surefire way to solve it is to invest in a company. This includes not only current consensus earnings expected in the coming quarter (s) but also how these expectations have changed recently.
An empirical study shows the strong link between recent stock movements and earnings reviews. Investors can follow such reviews on their own or rely on a proven and tested rating tool like Zack, which has an impressive history of using revenue estimates.
Prior to this release, there was a mix of planetary fitness estimates. While the size and direction of estimates may change following the company’s recent revenue report, the current situation translates to Zacks Rank # 3 (Hold). Therefore, it is expected that the shares will be traded in the near future. You can see Click here for a full list of today’s Zacks # 1 Rank.
It will be interesting to see how the forecast for the next quarter and the current fiscal year will change in the coming days. The current consensus EPS estimate is $ 0.25 million for the next quarter, $ 0.25 million and $ 0.73 million for the fiscal year.
Investors should keep in mind that the attitude towards the industry can have a material impact on the performance of the stock. At the Zax industry level, entertainment and recreation services account for less than 43% of the 250 Plus Zack industries. Our study shows that 50% of the industries at the Zax level are 2 to 1 times larger than the lower 50%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.