Planet Fitness shares are trading lower after the company cut its 2023 revenue growth guidance.
Portfolio Pulse from Benzinga Newsdesk
Planet Fitness has reduced its 2023 revenue growth guidance, leading to a decrease in its share price.
August 04, 2023 | 2:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Planet Fitness' shares are expected to face downward pressure in the short term due to the company's reduced revenue growth guidance for 2023.
Planet Fitness' decision to cut its 2023 revenue growth guidance is a negative signal to investors, indicating that the company may not perform as well as previously expected. This could lead to a sell-off of the company's shares, putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100