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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.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
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 (PLNT)
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%.
Looking at cash flow, Planet Fitness is expected to report cash flow growth of 27.3% this year; PLNT has generated cash flow growth of 17.3% over the past three to five years.
PLNT should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Planet Fitness, Inc. (PLNT) : Free Stock Analysis Report