Life Time Group Expects FY24 Revenue Of $2.56B-$2.59B (Prior $2.50B-$2.53B) Vs $2.514B Est
Portfolio Pulse from Benzinga Newsdesk
Life Time Group has updated its full-year 2024 revenue guidance to $2.56B-$2.59B, up from the prior $2.50B-$2.53B, and above the $2.514B estimate. The company also provided updated guidance for net income, adjusted EBITDA, and rent expenses.
August 01, 2024 | 11:28 am
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Life Time Group has increased its full-year 2024 revenue guidance to $2.56B-$2.59B, up from the previous $2.50B-$2.53B, and above the $2.514B estimate. This positive revision indicates strong business performance and could boost investor confidence.
The upward revision in revenue guidance suggests that Life Time Group is performing better than previously expected. This is likely to positively impact the stock price in the short term as it reflects strong business fundamentals and growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100