Planet Fitness Third Quarter 2022 Earnings: Beats Expectations

Planet Fitness (NYSE:PLNT) Third Quarter 2022 ResultsKey Financial Results Revenue: US$244.4m (up 74% from 3Q 2021). Net revenue: US$26.9m (up 54% from 3Q 2021). Profit margin: 11% (down from 12% in 3Q 2021). The lower in margin was pushed by increased bills. EPS: US$0.32 (up from US$0.21 in 3Q 2021). NYSE:PLNT Earnings and Revenue History November tenth 2022 All figures proven within the chart above are for the trailing 12 month (TTM) interval Planet Fitness Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) additionally surpassed analyst estimates by 8.8%. Looking forward, income is forecast to develop 13% p.a. on common through the subsequent 3 years, in comparison with a 13% progress forecast for the Hospitality trade within the US. Performance of the American Hospitality trade. The firm’s shares are up 7.1% from every week in the past. Risk Analysis We ought to say that we have found 3 warning indicators for Planet Fitness (2 are important!) that you need to be conscious of earlier than investing right here.Valuation is advanced, however we’re serving to make it easy.Find out whether or not Planet Fitness is probably over or undervalued by trying out our complete evaluation, which incorporates truthful worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.View the Free AnalysisHave suggestions on this text? Concerned concerning the content material? Get in contact with us instantly. Alternatively, e-mail editorial-team (at) article by Simply Wall St is normal in nature. We present commentary based mostly on historic information and analyst forecasts solely utilizing an unbiased methodology and our articles aren’t supposed to be monetary recommendation. It doesn’t represent a suggestion to purchase or promote any inventory, and doesn’t take account of your targets, or your monetary state of affairs. We intention to convey you long-term targeted evaluation pushed by basic information. Note that our evaluation might not issue within the newest price-sensitive firm bulletins or qualitative materials. Simply Wall St has no place in any shares talked about.

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