Planet Fitness Q3 Adj EPS $0.59 Beats $0.55 Estimate, Sales $277.60M Beat $267.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Planet Fitness reported Q3 adjusted earnings of $0.59 per share, beating the analyst consensus estimate of $0.55 by 7.27%. This is a 40.48% increase over earnings of $0.42 per share from the same period last year. The company also reported quarterly sales of $277.60 million, beating the analyst consensus estimate of $267.61 million by 3.73%. This is a 13.59% increase over sales of $244.39 million the same period last year.
November 07, 2023 | 11:33 am
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Planet Fitness reported better than expected Q3 earnings and sales, which could positively impact its stock price.
Planet Fitness reported a significant increase in both earnings per share and sales compared to the same period last year, and also beat analyst estimates. This strong financial performance could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100