Planet Fitness Inc <PLNT.K>: Profits of 42  cents announced for third quarter

8 November 2022 02:33 p.m. ​All figures in US dollars. The profits announced by Planet Fitness Inc in the third quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of 42 cents per share, 17 cents higher than the same quarter last year when the company reported EPS of 25 cents. Profits of 38 cents per share were anticipated by the fifteen analysts providing estimates for the quarter. Wall Street expected results to range from 33 cents to 42 cents per share, with a forecasted mean of 38 cents per share. The company reported revenue of $244.39 million, which is higher than the estimated $234.59 million. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the leisure & recreation peer group is also "Buy". FORECAST CHANGES * Sixteen analysts are currently providing Refinitiv with estimates. * In the last week one analyst has revised an earnings estimate upward and there have been no negative earnings revisions. There was no change to the number of estimates. YEAR OVER YEAR * The company reported an increase in revenue to $244.39 million from $154.26 million in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jun. 30 2022 0.38​ 0.38 Met Mar. 31 2022 0.27 0.32 Beat Dec. 31 2021 0.26 0.26 Met​ Sep. 30 2021 0.18 0.25 Beat This summary was machine generated from Refinitiv data November 8 at 02:33 p.m.