Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Planet Fitness (NYSE:PLNT) and its peers.

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from “things” to “experiences”. Leisure facilities seek to benefit but must innovate to do so because of the industry’s high competition and capital intensity.

The 12 leisure facilities stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 2.4% on average since the latest earnings results.

Founded by two brothers who purchased a struggling gym, Planet Fitness (NYSE:PLNT) is a gym franchise that caters to casual fitness users by providing a friendly and inclusive atmosphere.

Planet Fitness reported revenues of $292.2 million, up 5.3% year on year. This print exceeded analysts’ expectations by 2.2%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ adjusted operating income estimates and a decent beat of analysts’ EPS estimates.

“We delivered solid results in the quarter, including more than 5 percent revenue growth, approximately 3 percent net income growth and approximately 10 percent Adjusted EBITDA growth, and are raising our outlook for certain key financial targets,” said Colleen Keating, Chief Executive Officer.

The stock is up 23.6% since reporting and currently trades at $104.51.

Is now the time to buy Planet Fitness? Access our full analysis of the earnings results here, it’s free.

Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows.

Live Nation reported revenues of $7.65 billion, down 6.2% year on year, falling short of analysts’ expectations by 2%. However, the business still had a very strong quarter with a solid beat of analysts’ adjusted operating income estimates.

The market seems happy with the results as the stock is up 23.4% since reporting. It currently trades at $152.97.

Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it’s free.

Founded by a former game parlor and bar operator, Dave & Buster’s (NASDAQ:PLAY) operates a chain of arcades providing immersive entertainment experiences.

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