Planet Fitness, Inc. (NYSE:PLNT) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PLNT is expected to report 3Q20 income of $ 0.12 per share from revenue of $ 109.02 million.
For the full year, analysts anticipate top line of $ 420.76 million, while looking forward to income of $ 0.25 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 771.46 million ~ $ 771.46 million, where as bottomline are predicted in a range of $ 1.84 ~ $ 1.84 per share
Click Here For More Historical Outlooks Of Planet Fitness, Inc.
Previous Quarter Performance
Planet Fitness, Inc. came out with loss for the second quarter of $ 0.32 per share, from the revenue of $ 40.23 million. According to street consensus, PLNT was expected to report 2Q20 loss of $ 0.16 per share from revenue of $ 38.12 million. The bottom line results missed street analysts by $ 0.16 or 100 percent, at the same time, top line results outshined analysts by $ 2.11 million or 5.54 percent.
Stock Performance
Shares of Planet Fitness, Inc. traded up $ 2.54 or 3.97 percent on Wednesday, reaching $ 66.46 with volume of 1.45 million shares. Planet Fitness, Inc. has traded high as $ 68.26 and has cracked $ 62.32 on the downward trend
The closing price of $ 66.46, representing a 168.91 % increase from the 52 week low of $ 23.77 and a 27.99 % decrease over the 52 week high of $ 88.77.
The company has a market capital of $ 5.75 billion and is part of the Consumer Cyclical sector and Leisure industry.
Conference Call
Planet Fitness, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.planetfitness.com
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
