Life Time Group Holdings Inc (LTH) said before open Wednesday that it earned $0.13 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $585.2 million, missing estimates by $1.8 million.
In the same quarter a year ago, the company earned $0.12 per share on revenue of $496.4 million.
The stock is down 16.71% to $11.91 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Life Time Group Holdings Inc a Bearish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 59. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Life Time Group Holdings Inc is engaged in designing, building, and operating distinctive and large, multi-use sports and athletic, professional fitness, family recreation and spa centres in a resort-like environment, principally in residential locations of major metropolitan areas in the United States and Canada.
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Life Time Group Holdings Inc Down 16.71% To $11.91 After Earnings Beat
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