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