Planet Fitness (PLNT) closed the most recent trading day at $66.77, moving -1.3% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.9%. Elsewhere, the Dow lost 1.77%, while the tech-heavy Nasdaq lost 2.5%.
Coming into today, shares of the fitness center operator had gained 16.14% in the past month. In that same time, the Consumer Discretionary sector lost 0.45%, while the S&P 500 gained 3.04%.
Investors will be hoping for strength from PLNT as it approaches its next earnings release. In that report, analysts expect PLNT to post earnings of $0.34 per share. This would mark year-over-year growth of 25.93%. Our most recent consensus estimate is calling for quarterly revenue of $152.71 million, up 25.86% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.54 per share and revenue of $664.14 million. These totals would mark changes of +26.23% and +15.93%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for PLNT. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.7% higher. PLNT is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that PLNT has a Forward P/E ratio of 43.96 right now. This represents a premium compared to its industry's average Forward P/E of 17.44.
It is also worth noting that PLNT currently has a PEG ratio of 2.37. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Leisure and Recreation Services stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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