Planet fitness is getting some serious gains!
Planet fitness is currently for the third year on the stock market and made some serious gains. The stock price has increased with more than 164% in the last 3 years. But how does this come? The company is building new gyms all over America in a very high speed. If we take a look at their fundamentals we will see this. (in millions)
Revenue 2015: 330.537
Revenue 2016 378.241
Revenue 2017 429.942
Net income 2015: 18.518
Net income 2016: 21.500
Net income 2017: 33.146
EPS 2015: 0.11
EPS 2016: 0.50
EPS 2017: 0.42
The EPS seems to getting lower, but the outstanding share have been doubled. When the outstanding shares would have stayed the same the eps would have been near to 0.80
The company has a perfectly balance current debt to equity rate and can pay the total debt within a month of net earnings.
When we take a look at the chart we will see a huge drop in the last months. this can be caused of global pressure, raising interst and a lower overall market, but not on the numbers of this company. The upcomming recession could work in favor for Planet fitness because it is a low cost gym. The stock price is near to the 200 EMA wich has given support and resistance in the past. This could cause another drop, but the company is outperforming the markets and the fundamentals are still growing which will make higher highs in the future.
Upcomming Earning release is on 06 nov 2018
They did beat the last 4 expected earnings.
Revenue 2015: 330.537
Revenue 2016 378.241
Revenue 2017 429.942
Net income 2015: 18.518
Net income 2016: 21.500
Net income 2017: 33.146
EPS 2015: 0.11
EPS 2016: 0.50
EPS 2017: 0.42
The EPS seems to getting lower, but the outstanding share have been doubled. When the outstanding shares would have stayed the same the eps would have been near to 0.80
The company has a perfectly balance current debt to equity rate and can pay the total debt within a month of net earnings.
When we take a look at the chart we will see a huge drop in the last months. this can be caused of global pressure, raising interst and a lower overall market, but not on the numbers of this company. The upcomming recession could work in favor for Planet fitness because it is a low cost gym. The stock price is near to the 200 EMA wich has given support and resistance in the past. This could cause another drop, but the company is outperforming the markets and the fundamentals are still growing which will make higher highs in the future.
Upcomming Earning release is on 06 nov 2018
They did beat the last 4 expected earnings.
Comment:
PLNT bounced of on major support 45,35
Trade active:
TP1 has been successfully reached
Comment:
PLNT beats expectations of Q3
Expected revenue: 136.66 mil
Beats by 10.55 mil
And is a 40% year over year growth
Eps 0.20 wich has beaten the expectations with 0.01
Expected revenue: 136.66 mil
Beats by 10.55 mil
And is a 40% year over year growth
Eps 0.20 wich has beaten the expectations with 0.01
Trade closed: target reached:
TP2 won't be reached in a short time. Close the trade and take your profits :)
Trade closed: target reached:
TP 2 IS FILLED! Close your profit and wait for a new entry point.
Their fundamentals are amazing
Their fundamentals are amazing
So far he is on the right track. If he has over 1650 gym opend when q3 ends this is very positive news for the growth of this company and it's stock price!