Long Position on XPOF @ $31.00 on 5/5/2023 (Fundamentals)

Xponential Fitness, Inc. (XPOF) through its subsidiaries, operates as a boutique fitness franchisor in North America. Stockwinners

It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.

On May 4th, XPOF reported a 1st Quarter March 2023 loss of $0.02 per share on revenue of $70.7 million. The consensus earnings estimate was $0.11 per share on revenue of $65.5 million. Revenue grew 40.4% on a year-over-year basis.

Guided Higher: The company said it expects 2023 revenue of $290.0 million to $300.0 million. The company's previous guidance was revenue of $285.0 million to $295.0 million and the current consensus revenue estimate is $295.02 million for the year ending December 31, 2023. Shaes are heading higher in an upward trading channel. Higher share prices are expected.

 

Entry Point: $31.00

Trading Range: $11.20 to $33.58

Stop Loss: $29.00

Target Price: $34.50

Position closed on 5/8/2023 at price of $29.00 with a -6.45% loss in 3 days.

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