Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Have you been paying attention to shares of Planet Fitness (PLNT) ? Shares have been on the move with the stock up 4.1% over the past month. The stock hit a new 52-week high of $102.9 in the previous session. Planet Fitness has gained 39.5% since the start of the year compared to the 15.1% move for the Zacks Consumer Discretionary sector and the 23.4% return for the Zacks Leisure and Recreation Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surpri ...

Planet Fitness (PLNT -1.72%) made investors happy when it reported better-than-expected financial results for the three-month period that ended Sept. 30. Shares have soared 27% since the start of November, following positive momentum for the overall market.This fitness stock is now trading in record territory. If you're looking to buy Planet Fitness on the recent strength, first take the time to know these three things.Franchise modelInvestors have probably seen a Planet Fitness gym near where they live, kn ...

Planet Fitness, Inc. (PLNT) has been faring well, especially since the beginning of 2024, given that fitness and wellness is an extremely competitive area. Its stock's price performance has left the industry behind, especially during the past six months. The company's share price has surged 64.9% in the said time frame, outperforming the Zacks Leisure and Recreation Services industry, Zacks Consumer Discretionary sector and the S&P 500. The detailed price performance is shown in the chart below. Image Sourc ...

The stock market has been on a tear, thanks to a resilient macro backdrop. The prospects of lower interest rates and stronger economic growth might be adding to the tailwinds. There's one stock in particular that has caught my eye, soaring some 55% just in the past 12 months, better than even the 32% total return of the broader S&P 500 index during the same period. Does this powerful momentum mean that the business is a no-brainer buying opportunity right now? Posting solid results The company that has outp ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Planet Fitness (PLNT) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Planet Fitness is a member of the Consumer Discretionary sector. This group includes 270 individual stocks and currently holds a Zacks Sector R ...

Planet Fitness (PLNT) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Indi ...

In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. The two higher bids came after it lost out in bankruptcy auction to U.K.-based, privately held fitness chain PureGym. Late Tuesday, Delaware's bankruptcy court formally ...

Planet Fitness, Inc. (PLNT) reported stellar third-quarter 2024 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate and increasing year over year.The quarter’s performance was driven by contributions from new club openings and higher royalty revenues. The strength in the contributions from these factors was reflected in the year-over-year increase in system-wide same-club sales.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.PLNT’s Earnings & Revenue Disc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ______________ Commission file number: 001-37534 PLANET FITNESS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 38-3942097 (State ...