Movement Alert｜Life Time Group Holdings, Inc. Intraday Rise 7.3% in Regular Trading, Q3 Beat and Higher Revenue Outlook Supported Shares

Market Focus11-05

On November 5, Life Time Group Holdings, Inc. rose 7.3% in Regular Trading, trading at $47.8/share, with turnover of $119 million.

The move followed the company’s latest quarterly report and updated outlook. Life Time Group Holdings, Inc. reported third-quarter adjusted EPS of $0.51, up from $0.41 a year earlier and above the $0.45 consensus expectation. The company also raised its revenue outlook to $3.38 billion-$3.39 billion, compared with a $3.37 billion market expectation.

The latest update extended a pattern seen in the prior quarter, when the company also exceeded consensus on earnings and revenue and lifted guidance. Recent analyst commentary had pointed to support from new center openings, member growth, and in-club services, helping explain why the earnings beat and higher outlook were taken positively by the market.

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