Life Time Shares Rise on Strong Preliminary 4Q Results, Outlook

Dow Jones
2025/01/17
 

By Dean Seal

 

Shares of Life Time Group Holdings rose after the company reported preliminary fourth-quarter results and introduced guidance that came in above analyst expectations.

The stock was up 8.5% at $27.20 in the afternoon trading session. Shares were trading at around $14.32 this time a year ago.

The operator of fitness and spa centers said Thursday morning that revenue is estimated to have risen more than 18% to between $661 million and $663 million for the last three months of 2024. The figure tops current analyst forecasts for $646.7 million, according to FactSet.

Life Time is also expecting to post $31 million to $33 million in net income for the quarter, or 14 cents to 15 cents a share. Analysts polled by FactSet had been targeting 12 cents a share.

For 2025, the company is guiding for total revenue to jump 12% to between $2.91 billion and $2.97 billion, surpassing current analyst estimates for $2.89 billion. Full-year earnings are projected to be up 75% year-over-year at $262 million to $269 million.

Life Time will report full fourth-quarter results at the end of February.

 

(END) Dow Jones Newswires

January 16, 2025 15:22 ET (20:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10