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Life Time Group Holdings Inc Up 13.2% To $14.06 After Earnings Beat

Wednesday, February 28, 2024 01:51 PM | InvestorsObserver Analysts

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Life Time Group Holdings Inc Up 13.2% To $14.06 After Earnings Beat

Life Time Group Holdings Inc (LTH) said before open Wednesday that it earned $0.19 per share in quarter four 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 $558.8 million, beating estimates by $2.1 million.

In the same quarter a year ago, the company earned $0.07 per share on revenue of $472.7 million.

The stock is up 13.2% to $14.06 after the report.

Life Time Group Holdings Inc's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Life Time Group Holdings Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 15, putting Life Time Group Holdings Inc in the bottom 25% of stocks. The firm set a 52-week low on November 1, 2023 at $11.1 and set a 52-week high on July 12, 2023 at $22.41.

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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