Life Time Group Holdings Inc reports results for the quarter ended in June - Earnings Summary

Life Time group

01/08/2024 14:32

* Life Time Group Holdings Inc  LTH.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 8 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 12 cents to 19
cents per share.
    * Revenue rose 18.9% to $667.76 million from a year ago;
analysts
expected $635.02 million. 
    * Life Time Group Holdings Inc's reported EPS for the
quarter was
26 cents​.
    * The company reported quarterly net income of $52.81
million.
    * Life Time Group Holdings Inc shares had risen by 10.3%
this
quarter and gained 37.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "buy"

Wall Street's median 12-month price target for Life Time Group
Holdings Inc is $24.00 
This summary was machine generated from LSEG data August 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.15           0.26           Beat
 Mar. 31 2024      0.13           0.12           Missed
 Dec. 31 2023      0.08           0.12           Beat
 Sep. 30 2023      0.12           0.06           Missed