On July 30, Life Time Group Holdings, Inc. rose 7.22% in pre-market trading, trading at $49.20/share, with turnover of $23,800.

The movement was driven by the company releasing Q2 results that substantially exceeded market expectations. Adjusted EPS came in at $0.48, beating the consensus estimate of $0.40 by 20% and representing a 29.73% year-over-year increase from $0.37. Revenue reached $866 million, surpassing the $845.75 million estimate. Simultaneously, the company raised its full-year revenue guidance to $3.35 billion-$3.38 billion, above the prior range of $3.32 billion-$3.35 billion and the FactSet consensus of $3.34 billion.

This marks the second consecutive quarter of guidance raises, following an upward revision after Q1 results in May. The beat extends a pattern of accelerating fundamental momentum at the premium fitness operator, which has over 866,000 members. Ahead of the report, Oppenheimer had maintained an outperform rating with a $60 price target, citing the company as a bright spot in a struggling discretionary backdrop, while RBC recently raised its target to $50.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)