Life Time Group Expects Q1 Revenue Of $585M-$595M Vs. $572.86M Consensus, And Net Income Of $29M-$32M
Portfolio Pulse from Benzinga Newsdesk
Life Time Group (LTH) projects Q1 2024 revenue to be between $585M-$595M, surpassing the consensus estimate of $572.86M. The company also expects net income to range from $29M-$32M. These forecasts represent significant increases over the previous year, with revenue, net income, and adjusted EBITDA expected to grow by 15.5%, 10.9%, and 19.9% respectively.
February 28, 2024 | 12:19 pm
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Life Time Group expects Q1 2024 revenue to exceed consensus estimates, with significant year-over-year growth in revenue, net income, and adjusted EBITDA.
The positive guidance provided by Life Time Group indicates strong performance and growth, likely leading to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100