Planet Fitness (PLNT) Reports Q4 EPS of $0.17

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Steady Improvement From Planet Fitness (PLNT) But Valuation Drives PT Cut - Wedbush

March 7, 2016 8:30 AM EST

Wedbush analyst, Phil Terpolilli, highlighted the better than expected results and guidance for Planet Fitness (NYSE: PLNT) but cut his PT to $20 from $22 due to multiple compression. The firm maintained an Outperform rating.

PLNT reported a solid 4Q15. PLNT reported better-than-expected 4Q15 EPS of $0.17 ($0.15 Wedbush and consensus). Better-than-expected top line revenues of $105.8M ($96.1M Wedbush, $95.9M consensus) or ~10% y/y growth, included a solid 6.2% comp performance and 84 new stores opened in 4Q. Equipment revenue... More