Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Life Time Group Holdings (LTH)
NYSE:LTH
RESEARCH TOOLSreports
Holding LTH?
Track your performance easily
Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.11Last Year’s EPS
$0.12Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -11.89%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
The earnings call presents a strong positive outlook for Life Time Group Holdings, with significant revenue growth, increased membership, and improved profitability. The company also successfully reduced its debt leverage and raised its financial guidance. However, there were some delays in new club openings and high member usage affecting certain locations. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During Life Time Group Holdings' Q3 2024 earnings call, the company raised its revenue guidance to a range of $2.595 billion to $2.605 billion and adjusted EBITDA guidance to $658 million to $662 million. This decision was driven by an 18% increase in total revenue, reaching $693 million, and a notable 100% growth in diluted EPS to $0.19. Membership dues and enrollment fees rose by 20%, resulting in a 5% increase in center memberships, which totaled over 826,000. The adjusted EBITDA for the third quarter saw a 26% increase to $180.3 million, with a margin of 26.0%, up 160 basis points from Q3 2023. Furthermore, the company achieved a net income of $41.4 million and reduced its net debt to adjusted EBITDA leverage to 2.4x, indicating a strong financial position and positive free cash flow of $138 million, including $74 million from sale-leaseback and land sale proceeds.Strong Revenue Growth
Total revenue increased by 18% to $693 million, driven by a 20% increase in membership dues and enrollment fees and a 16% increase in revenue from other sources.
Increased Membership
Center memberships increased by 5% compared to last year, ending the quarter with more than 826,000 memberships. Total membership, including digital, was approximately 877,000.
Significant Net Income Growth
Net income for the third quarter was $41.4 million compared to $7.9 million in Q3 2023. Adjusted net income increased by $29.6 million to $56.3 million.
Improved Earnings Per Share
Diluted earnings per share increased to $0.19 from $0.04 in Q3 2023, and adjusted EPS increased to $0.26 from $0.13, representing a 100% increase versus the prior year period.
Positive Cash Flow Trends
Net cash provided by operating activities increased by 32% to $151 million compared to Q3 2023. Positive free cash flow increased by $169 million to $138 million, even before sale-leaseback and land sale proceeds.
Debt Reduction Success
Reduced net debt to adjusted EBITDA leverage to 2.4x from 3.7x in the prior year period.
Raised Financial Guidance
Revenue guidance raised to a range of $2.595 billion to $2.605 billion, and adjusted EBITDA guidance to a range of $658 million to $662 million.
Expansion and Growth Plans
Pipeline of over 100 deals, with plans for 10-12 new locations in 2025 and 12-14 in 2026.
---
LTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
LTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $25.32 | $23.27 | -8.10% |
| Aug 01, 2024 | $20.77 | $22.02 | +6.02% |
| May 01, 2024 | $13.66 | $13.00 | -4.83% |
| Feb 28, 2024 | $12.42 | $13.71 | +10.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Life Time Group Holdings (LTH) report earnings?
Life Time Group Holdings (LTH) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Life Time Group Holdings (LTH) earnings time?
Life Time Group Holdings (LTH) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LTH EPS forecast?
LTH EPS forecast for the fiscal quarter 2024 (Q4) is $0.11.
---