Life Time Fitness Earnings: Here’s Why the Stock is Rising Now
Life Time Fitness Inc. (NYSE:LTM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 10%.
Life Time Fitness Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.06% to $0.67 in the quarter versus EPS of $0.62 in the year-earlier quarter.
Revenue: Rose 8.29% to $290.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Life Time Fitness Inc. reported adjusted EPS income of $0.67 per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $287.08 million.
Quoting Management: “We delivered solid revenue, net income and earnings-per-share performance in the first quarter,” said Bahram Akradi, chairman, president and chief executive officer. “Our focus continues to be delivering on our member experience and connectivity objectives, while building our Healthy Way of Life Company and brand. Today, our wide range of interest-driven programs and services, and certified professionals help our members establish personalized health objectives and plans that allow them to achieve real, sustainable results. This has created a differentiated and powerful business model for Life Time that we believe positions us for long-term growth and success.”
Key Stats (on next page)…