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NEW YORK – Life Time Group Holdings, Inc. (NYSE:LTH) reported preliminary fourth quarter outcomes that exceeded analyst expectations and offered an optimistic outlook for 2025, sending its shares hovering 12.6% in buying and selling.
The health middle operator estimates whole income for the fourth quarter of 2024 to extend 18.5% to $661-$663 million, surpassing the analyst consensus of $643.74 million. Adjusted diluted earnings per share (EPS) for the quarter is anticipated to rise to $0.24-$0.25, properly above the $0.16 consensus estimate.
For the complete yr 2024, Life Time initiatives whole income to develop 18.2% to $2,619-$2,621 million, exceeding the $2,600 million analyst forecast. Adjusted diluted EPS for 2024 is estimated to extend to $0.91-$0.92, topping the $0.79 consensus.
Looking forward to fiscal 2025, the corporate anticipates whole income to climb 12.2% to $2,910-$2,970 million, considerably above the $2,800 million analyst consensus.
Bahram Akradi, Founder, Chairman and CEO, commented: “Our fourth quarter and full-year outcomes proceed to reveal the sturdy desirability for our athletic nation golf equipment, applications and providers. This has resulted in document ranges of member engagement and retention, each of that are vital drivers of our progress technique.”
Life Time attributes its sturdy efficiency to progress in memberships, membership dues income, and in-center income, coupled with an environment friendly working mannequin that has led to increasing margins.
The corporate plans to launch its full fiscal yr 2024 outcomes on February 27, 2025.
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