Earnings Preview: Planet Fitness Inc

Planet Fitness Inc (NYSE:PLNT) is slated for its first turn in the earnings confessional Wednesday evening

Sep 1, 2015 at 2:25 PM
facebook twitter linkedin


Exercise concern Planet Fitness Inc (NYSE:PLNT) is slated to release its inaugural earnings report after the bell on Wednesday. The stock has picked up some momentum heading into the event, thanks to a round of bullish analyst attention yesterday. Most notably, Jefferies -- which initiated coverage with a "buy" rating -- set a $25 price target for PLNT. 

Even with the shares dodging today's broad-market sell-off -- up 5.6% to $18.81 -- Jefferies' price target represents a 33% premium. Moreover, such a move would mark a new all-time high for PLNT, which topped out at $20.68 on Aug. 10. The shares hit the Street on Aug. 6, opening at $14.50. 

While options volume has been extremely light so far on the newcomer, PLNT's near-term at-the-money (ATM) straddle is pricing in a 16.3% swing. So far leading up to the event, call buying has had the edge, with Planet Fitness Inc's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio standing at 1.46. 
 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Master Portfolio Trial
 


 


 
Special Offers from Schaeffer's Trading Partners