WW International (WW) Beats Q3 Earnings and Revenue Estimates

Core Insights - WW International reported quarterly earnings of $0.24 per share, significantly exceeding the Zacks Consensus Estimate of $0.05 per share, representing an earnings surprise of 380% [1] - The company generated revenues of $192.89 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.33%, although this reflects a decline from $214.87 million in the same quarter last year [2] - WW International's stock has underperformed, losing approximately 86.7% year-to-date compared to the S&P 500's gain of 21.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $172.77 million, and for the current fiscal year, it is -$0.12 on revenues of $769.88 million [7] - The estimate revisions trend for WW International is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Leisure and Recreation Services industry, to which WW International belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another competitor in the same industry, Planet Fitness, is expected to report quarterly earnings of $0.58 per share, reflecting a year-over-year change of -1.7%, with revenues projected at $283.73 million, up 2.2% from the previous year [9][10]