Zacks Research Reduces Earnings Estimates for Planet Fitness

Planet Fitness, Inc. (NYSE:PLNT) – Zacks Research reduced their Q1 2025 EPS estimates for Planet Fitness in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the company will earn $0.62 per share for the quarter, down from their previous estimate of $0.64. The consensus estimate for Planet Fitness’ current full-year earnings is $2.51 per share. Zacks Research also issued estimates for Planet Fitness’ Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $2.88 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.90 EPS, Q3 2026 earnings at $0.81 EPS, Q4 2026 earnings at $0.93 EPS, FY2026 earnings at $3.33 EPS and FY2027 earnings at $3.68 EPS.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Roth Mkm reiterated a “buy” rating and issued a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Piper Sandler upped their target price on Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $100.17.

Planet Fitness Stock Performance

Planet Fitness stock opened at $100.31 on Thursday. Planet Fitness has a fifty-two week low of $57.31 and a fifty-two week high of $110.00. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. The stock’s fifty day moving average is $100.97 and its two-hundred day moving average is $93.97.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $340.50 million for the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in shares of Planet Fitness by 132.5% in the 3rd quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock valued at $2,352,000 after acquiring an additional 16,503 shares during the period. AMJ Financial Wealth Management purchased a new position in Planet Fitness in the fourth quarter valued at about $495,000. State Street Corp lifted its stake in shares of Planet Fitness by 1.5% during the third quarter. State Street Corp now owns 2,524,764 shares of the company’s stock worth $205,061,000 after purchasing an additional 37,236 shares in the last quarter. Nkcfo LLC purchased a new stake in shares of Planet Fitness in the fourth quarter worth about $1,088,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Planet Fitness in the third quarter valued at about $604,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.