Life Time Group Holdings, Inc. (LTH), a leading lifestyle brand, announced on Thursday its preliminary results for the fourth quarter, which surpassed both the previous year's performance and analyst forecasts. Additionally, the company offered an optimistic revenue outlook for fiscal year 2025, exceeding current market predictions.
For the fourth quarter, Life Time Group anticipates a net income ranging from $31 million to $33 million, an increase from the $23.7 million reported the previous year. When excluding one-time items, the adjusted net income is projected to be between $52 million and $56 million, compared to $38 million last year.
Earnings per share (EPS) are expected to be between $0.14 and $0.15, with adjusted EPS forecasted at $0.24 to $0.25 for the quarter. This shows growth from the prior year's EPS of $0.12 and adjusted EPS of $0.19.
The company's revenue is projected to fall between $661 million and $663 million, a significant rise from $558.8 million in the previous year. Analysts had anticipated earnings of $0.16 per share on a revenue of $643.74 million for the quarter, typically excluding special items in their estimates.
Looking ahead to fiscal 2025, Life Time Group estimates revenue will range from $2.91 billion to $2.97 billion, surpassing the consensus estimate of $2.88 billion. The company expects net income of $262 million to $269 million, signaling an impressive approximately 75% growth compared to the previous year.
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