Yahoo Finance Life Time (LTH) Reports Earnings Tomorrow: What To Expect
Premium fitness club Life Time (NYSE:LTH) will be reporting results tomorrow before market hours. Here's what to look for.
Life Time beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $596.7 million, up 16.8% year on year. It was a decent quarter for the company, with revenue and EBITDA exceeding analysts' estimates.
Is Life Time a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Life Time's revenue to grow 13% year on year to $634.8 million, slowing from the 21.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Life Time has missed Wall Street's revenue estimates twice over the last two years.
Looking at Life Time's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 7%, meeting analysts' expectations, and Royal Caribbean reported revenues up 16.7%, topping estimates by 1.6%. Royal Caribbean traded down 6.7% following the results.
Read our full analysis of Live Nation's results here and Royal Caribbean's results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.8% on average over the last month. Life Time is up 9.4% during the same time and is heading into earnings with an average analyst price target of $23.1 (compared to the current share price of $20.61).
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