Planet Fitness (NYSE:PLNT) Releases FY 2026 Earnings Guidance

Planet Fitness (NYSE:PLNT) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.190-3.190 for the period, compared to the consensus estimate of 3.370. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLNT shares. Royal Bank Of Canada dropped their target price on shares of Planet Fitness from $85.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group set a $133.00 target price on shares of Planet Fitness in a report on Thursday. KGI Securities cut shares of Planet Fitness to a “neutral” rating and set a $50.50 target price on the stock. in a report on Friday. TD Cowen cut shares of Planet Fitness from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Friday. Finally, Canaccord Genuity Group set a $80.00 target price on shares of Planet Fitness in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.32.

Planet Fitness Stock Up 4.3%

Shares of NYSE:PLNT traded up $1.89 on Friday, reaching $45.90. 7,545,740 shares of the company’s stock were exchanged, compared to its average volume of 2,031,529. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.11 and a beta of 1.12. Planet Fitness has a fifty-two week low of $37.03 and a fifty-two week high of $114.47. The business’s 50-day moving average is $73.19 and its two-hundred day moving average is $91.18.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a net margin of 16.55% and a negative return on equity of 97.97%. The business had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $298.60 million. During the same quarter last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Analysts predict that Planet Fitness will post 3.38 earnings per share for the current fiscal year.

Key Planet Fitness News

Here are the key news stories impacting Planet Fitness this week:

• Positive Sentiment: Planet Fitness beat Q1 expectations, reporting $0.74 EPS versus the $0.63 consensus and revenue of $337.24 million versus $298.60 million, with same-club sales up 3.5% and total membership reaching about 21.5 million.
• Positive Sentiment: Some analysts still see upside: Guggenheim kept a Buy rating despite lowering its target, and several firms maintained neutral-to-positive views after the results.
• Neutral Sentiment: Analyst sentiment shifted lower overall, with Deutsche Bank, Morgan Stanley, Bank of America, William Blair, and Robert W. Baird all reducing price targets or downgrading the stock, reflecting a more cautious outlook on near-term execution. Article Title
• Negative Sentiment: The main selloff driver was management’s weaker 2026 outlook: Planet Fitness cut full-year EPS guidance below expectations and said signups were softer than expected, especially during its key New Year enrollment period.
• Negative Sentiment: Investors also reacted negatively to the cancellation of planned price hikes, which raised concern that the company may be prioritizing retention over pricing power.
• Negative Sentiment: Additional pressure came from securities-fraud investigations and bearish commentary from Seeking Alpha and other outlets, which added to concerns that the post-earnings reset may not be over. Article Title

Hedge Funds Weigh In On Planet Fitness

Large investors have recently bought and sold shares of the stock. Fieldview Capital Management LLC acquired a new position in Planet Fitness during the 4th quarter valued at about $360,000. Jump Financial LLC acquired a new position in Planet Fitness during the 2nd quarter valued at about $267,000. Cerity Partners LLC acquired a new position in Planet Fitness during the 4th quarter valued at about $256,000. Oxford Asset Management LLP acquired a new position in Planet Fitness during the 2nd quarter valued at about $221,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Planet Fitness during the 2nd quarter valued at about $218,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

About Planet Fitness

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.