We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in the Offing for Planet Fitness' (PLNT) Q4 Earnings?
Read MoreHide Full Article
Planet Fitness, Inc. (PLNT - Free Report) is scheduled to report fourth-quarter 2021 results on Feb 24, before the opening bell. In the last reported quarter, the company earnings beat the Zacks Consensus Estimate by 47.1%.
Q4 Estimates
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has moved north by 8.3% to 26 cents over the past 60 days. The estimated figure indicates an increase of 52.9% from 17 cents per share reported in the year-ago quarter. The consensus mark for revenues stands at $179.6 million, suggesting growth of 34.3% from the year-ago reported figure of $133.8 million.
Factors to Note
The company’s fourth-quarter performance is likely to have benefited from rise in membership sign-ups, strategic partnerships and international expansion. Focus on digitalization initiatives also bodes well. Meanwhile, the company has been witnessing solid traffic in its digital platform from both existing and non-existing members, particularly for iFit content.
The company’s to-be-reported quarter's results are likely to reflect benefits from an increase in equipment revenues. The Zacks Consensus Estimate for equipment segment revenues is pegged at $61 million, suggesting growth of 117.9% year over year. The Zacks Consensus Estimate for Corporate-owned Stores segment’s revenues stands at $43.4 million, indicating an improvement of 11.6% year over year.
For 2021, the company expects revenues in the range of $570 million to $580 million, up from the prior estimate of $530-$540 million. Adjusted EBITDA for 2021 is estimated between $210 million and $220 million, up from the prior expectation of $200-$210 million.
Our proven model does not conclusively predict an earnings beat for Planet Fitness this time around. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see.
Earnings ESP: Earnings ESP for Planet Fitness is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some stocks from the Zacks Consumer Discretionary space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:
PlayAGS, Inc. (AGS - Free Report) has an Earnings ESP of +38.68% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of AGS have gained 3.6% in the past three months. AGS’ earnings beat the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 33.3%.
NeoGames S.A. has an Earnings ESP of +15.79% and a Zacks Rank #3.
Shares of NeoGames have declined 27.9% in the past year. NGMS’s earnings surpassed the consensus mark twice in the trailing four quarters and missed twice, the average surprise being 165.8%.
Vail Resorts, Inc. (MTN - Free Report) has an Earnings ESP of +5.48% and a Zacks Rank #3.
Shares of Vail Resorts have dropped 12.4% in the past year. MTN’s earnings topped the consensus mark in all of the trailing four quarters, the average surprise being 19%.
Image: Bigstock
What's in the Offing for Planet Fitness' (PLNT) Q4 Earnings?
Planet Fitness, Inc. (PLNT - Free Report) is scheduled to report fourth-quarter 2021 results on Feb 24, before the opening bell. In the last reported quarter, the company earnings beat the Zacks Consensus Estimate by 47.1%.
Q4 Estimates
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has moved north by 8.3% to 26 cents over the past 60 days. The estimated figure indicates an increase of 52.9% from 17 cents per share reported in the year-ago quarter. The consensus mark for revenues stands at $179.6 million, suggesting growth of 34.3% from the year-ago reported figure of $133.8 million.
Factors to Note
The company’s fourth-quarter performance is likely to have benefited from rise in membership sign-ups, strategic partnerships and international expansion. Focus on digitalization initiatives also bodes well. Meanwhile, the company has been witnessing solid traffic in its digital platform from both existing and non-existing members, particularly for iFit content.
The company’s to-be-reported quarter's results are likely to reflect benefits from an increase in equipment revenues. The Zacks Consensus Estimate for equipment segment revenues is pegged at $61 million, suggesting growth of 117.9% year over year. The Zacks Consensus Estimate for Corporate-owned Stores segment’s revenues stands at $43.4 million, indicating an improvement of 11.6% year over year.
For 2021, the company expects revenues in the range of $570 million to $580 million, up from the prior estimate of $530-$540 million. Adjusted EBITDA for 2021 is estimated between $210 million and $220 million, up from the prior expectation of $200-$210 million.
Planet Fitness, Inc. Price and EPS Surprise
Planet Fitness, Inc. price-eps-surprise | Planet Fitness, Inc. Quote
What Our Model Indicates
Our proven model does not conclusively predict an earnings beat for Planet Fitness this time around. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see.
Earnings ESP: Earnings ESP for Planet Fitness is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Worth a Look
Here are some stocks from the Zacks Consumer Discretionary space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:
PlayAGS, Inc. (AGS - Free Report) has an Earnings ESP of +38.68% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of AGS have gained 3.6% in the past three months. AGS’ earnings beat the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 33.3%.
NeoGames S.A. has an Earnings ESP of +15.79% and a Zacks Rank #3.
Shares of NeoGames have declined 27.9% in the past year. NGMS’s earnings surpassed the consensus mark twice in the trailing four quarters and missed twice, the average surprise being 165.8%.
Vail Resorts, Inc. (MTN - Free Report) has an Earnings ESP of +5.48% and a Zacks Rank #3.
Shares of Vail Resorts have dropped 12.4% in the past year. MTN’s earnings topped the consensus mark in all of the trailing four quarters, the average surprise being 19%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.