Shares of Life Time Group Holdings, Inc. (LTH), a prominent lifestyle brand, appreciated by more than 8% in pre-market trading on Thursday. This surge followed the company's announcement of preliminary fourth-quarter results that exceeded both last year's figures and analysts' forecasts. Additionally, the company has projected a promising revenue outlook for fiscal year 2025, surpassing market expectations.
For the fourth quarter, Life Time Group anticipates net income in the range of $31 million to $33 million, compared to $23.7 million reported in the corresponding period of the previous year. When excluding one-time items, they expect adjusted income to be between $52 million and $56 million, up from $38 million last year.
The company estimates earnings per share (EPS) to be between $0.14 and $0.15, with adjusted EPS ranging from $0.24 to $0.25 for the quarter. This is an improvement over last year's EPS of $0.12 and adjusted EPS of $0.19.
Projected revenue for the quarter is between $661 million and $663 million, showing an increase from the $558.8 million achieved during the same period last year. Analysts, who typically exclude special items from their estimates, had expected earnings of $0.16 per share on revenue of $643.74 million for this quarter.
Looking ahead to fiscal 2025, Life Time Group forecasts revenue to be in the range of $2.91 billion to $2.97 billion, above the consensus estimate of $2.88 billion. They also foresee net income between $262 million and $269 million, reflecting approximately a 75% year-over-year growth.
Life Time Group's stock closed at $25.07 on Wednesday, marking a 1.09% increase. Over the past year, the stock has traded within a range of $11.89 to $27.11.
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