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

Life Time group

01/05/2024 14:32

* Life Time Group Holdings Inc  LTH.N  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 14 cents.  The mean expectation of eleven analysts for
the quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 12 cents to 16 cents per share.
    * Revenue rose 16.8% to $596.72 million from a year ago;
analysts
expected $588.55 million. 
    * Life Time Group Holdings Inc's reported EPS for the
quarter was
12 cents​.
    * The company reported quarterly net income of $24.92
million.
    * Life Time Group Holdings Inc shares had fallen by 12.0%
this
quarter and lost 9.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 29% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $20.00 
This summary was machine generated from LSEG data May 1 at 01:31
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
 Mar. 31 2024      0.13           0.12           Missed
 Dec. 31 2023      0.08           0.12           Beat
 Sep. 30 2023      0.12           0.06           Missed
 Jun. 30 2023      0.10           0.08           Missed