Planet Fitness (PLNT) Tops Q4 Earnings and Revenue Estimates

Core Insights - Planet Fitness reported quarterly earnings of $0.70 per share, exceeding the Zacks Consensus Estimate of $0.62 per share, and showing an increase from $0.60 per share a year ago, resulting in an earnings surprise of 12.90% [1] - The company generated revenues of $340.45 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.24% and up from $285.09 million year-over-year [2] - Planet Fitness has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $288.35 million, while for the current fiscal year, the estimate is $2.94 on revenues of $1.29 billion [7] - The estimate revisions trend for Planet Fitness is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Leisure and Recreation Services industry, to which Planet Fitness belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]