Xponential Fitness Inc Cl A Up 16.87% To $11.78 After Earnings Miss

Xponential Fitness Inc (XPOF) reported less than expected earnings this afternoon for Q4 2023.

Wall Street earnings per share (EPS) projections for Xponential Fitness Inc Cl A were at $0.15. The company missed those estimates with an EPS of $0.08. The earnings per share of $0.08 (which represents a -47% EPS surprise) led to the company's profits falling 27% compared to last year when the firm reported an EPS of $0.11. The decline in Xponential Fitness Inc Cl A's annual growth rate represents how the business isn't performing well amid current economic conditions.

Revenues were upbeat at $90.2 million. That is an increase of 26.56% in revenues from the year-ago report and is 10.42% higher than consensus estimates set at $81.7 million.

The stock is up 16.87% to $11.78 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 34. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Xponential Fitness Inc is a curator of boutique fitness brands. Its diversified portfolio of brands includes Club Pilates, a Pilates brand in the United States; CycleBar, an indoor cycling brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; Row House, a high-energy, low-impact indoor rowing workout; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix, a franchised yoga brand; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements; Stride, a treadmill-based cardio and strength training concept; Rumble, a boxing-inspired full-body workout; and BFT, a functional training and strength-based program. Its key revenue source is the franchise income.