Zacks Research Predicts Reduced Earnings for Planet Fitness

Planet Fitness, Inc. (NYSE:PLNT - Free Report) - Zacks Research dropped their Q1 2025 earnings per share (EPS) estimates for Planet Fitness in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.64. The consensus estimate for Planet Fitness' current full-year earnings is $2.51 per share. Zacks Research also issued estimates for Planet Fitness' Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $2.88 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.90 EPS, Q3 2026 earnings at $0.81 EPS, Q4 2026 earnings at $0.93 EPS, FY2026 earnings at $3.33 EPS and FY2027 earnings at $3.68 EPS.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same period in the previous year, the company earned $0.60 EPS. The firm's revenue was up 19.4% on a year-over-year basis.

Several other equities analysts also recently commented on the stock. Roth Mkm reissued a "buy" rating and set a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Piper Sandler raised their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. DA Davidson reiterated a "neutral" rating and set a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Guggenheim restated a "buy" rating and issued a $105.00 price objective on shares of Planet Fitness in a research note on Thursday, February 27th. Finally, Stifel Nicolaus lowered their target price on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $100.17.

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Planet Fitness Trading Up 2.2 %

NYSE PLNT traded up $2.23 during trading on Thursday, reaching $102.25. The company's stock had a trading volume of 1,142,915 shares, compared to its average volume of 1,438,437. The business has a 50-day moving average price of $100.98 and a 200-day moving average price of $94.32. Planet Fitness has a 1-year low of $57.31 and a 1-year high of $110.00. The stock has a market capitalization of $8.66 billion, a PE ratio of 54.97, a PEG ratio of 2.45 and a beta of 1.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PLNT. KBC Group NV increased its holdings in Planet Fitness by 14.7% in the 3rd quarter. KBC Group NV now owns 2,503 shares of the company's stock valued at $203,000 after buying an additional 321 shares during the period. Natixis Advisors LLC acquired a new stake in shares of Planet Fitness during the 3rd quarter valued at about $855,000. Quest Partners LLC increased its stake in Planet Fitness by 126.0% in the third quarter. Quest Partners LLC now owns 9,504 shares of the company's stock valued at $772,000 after acquiring an additional 5,298 shares during the period. Premier Fund Managers Ltd acquired a new stake in Planet Fitness during the third quarter valued at approximately $775,000. Finally, Hilton Capital Management LLC acquired a new position in shares of Planet Fitness in the 3rd quarter worth approximately $1,688,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

About Planet Fitness

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.