Life Time Group Holdings Third Quarter 2024 Earnings: EPS Misses Expectations

Life Time Group Holdings (NYSE:LTH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$693.2m (up 19% from 3Q 2023).
• Net income: US$41.4m (up 422% from 3Q 2023).
• Profit margin: 6.0% (up from 1.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.20 (up from US$0.04 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Life Time Group Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 7.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Life Time Group Holdings (1 can't be ignored!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.