It doesn’t matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
For growth investors, a company’s financial strength, overall health, and future outlook take precedence, so they’ll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Planet Fitness, headquartered in Hampton, NH, was formed in 1992. It is one of the leading franchisors and operators of fitness centers in the United States. As of Sept. 30, 2024, the company had approximately 19.6 million members and 2,637 stores in all 50 states of the United States, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain. As of Dec 31, 2023, about 90% of all franchise stores were owned and operated by a franchisee group.
PLNT boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 11.6% year-over-year for 2024, while Wall Street anticipates its top line to improve by 8.9%.
12 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.07 to $2.50 per share. PLNT boasts an average earnings surprise of 7.8%.
Planet Fitness is also cash rich. The company has generated cash flow growth of 17.3%, and is expected to report cash flow expansion of 27.3% in 2024.
Investors should take the time to consider PLNT for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Planet Fitness, Inc. (PLNT) : Free Stock Analysis Report
