Life Time Group Holdings Expects Q3 Revenues Between $585 Million – $595 Million (Consensus 601.75 Million),
Portfolio Pulse from Benzinga Newsdesk
Life Time Group Holdings has projected its Q3 revenues to be between $585 million and $595 million, which is below the consensus estimate of $601.75 million. For FY23, the company anticipates revenues between $2.235 billion and $2.265 billion, roughly in line with the consensus estimate of $2.24 billion.
July 25, 2023 | 11:01 am
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NEGATIVE IMPACT
Life Time Group Holdings' projected Q3 revenues are below the consensus estimate, while FY23 revenues are expected to be in line with consensus. This could potentially impact the company's stock price.
Life Time Group Holdings' lower than expected Q3 revenue forecast could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price. However, the FY23 revenue forecast being in line with consensus might mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100