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Top-Rated Stocks Near Buy Point With Earnings Due: Planet Fitness

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If you're looking for stocks that are setting up in a base ahead of their next earnings report, here's one that fits the bill: Planet Fitness ( PLNT ). It's expected to release its latest numbers around Mar. 1 and is currently approximately 10% shy of a 35.13 entry. The chart pattern is a second-stage consolidation .

[ibd-display-video id=2360792 width=50 float=left autostart=true] Understand that buying a stock just ahead of earnings can be risky since you typically don't have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.

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Planet Fitness showed 19% earnings-per-share growth in its most recent report, while sales growth came in at 12%.

Consensus analyst estimates call for EPS growth of 15% for the quarter, and 19% growth for the full year. Annual earnings-per-share estimates were recently revised upward.

Planet Fitness has a 92 Composite Rating and holds the No. 3 rank among its peers in the Leisure-Services industry group. Marriott Vacations World ( VAC ) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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