Planet Fitness rival Life Time is poised to break out early Thursday after reporting preliminary Q4 results well above expectations. Planet Fitness scored its own breakout earlier in the week and is trading at record highs.
Health and wellness club operator Life Time Group forecasts adjusted earnings between 24 cents and 25 cents for Q4 2024 results on Feb. 27. FactSet expected a 26% decline to 14 cents per share.
Life Time sees total revenue increasing 18.5% to range from $661 million to $663 million for the quarter, also topping analyst views for $644 million.
The fitness company also introduced a 2025 outlook ahead of Wall Street estimates.
Life Time guidance set out a 12.2% revenue increase for 2025, ranging from $2.91 billion to $2.97 billion, compared to expectations for $2.6 billion. The company also guided expectations to a 75.8% increase in net revenue, to between $262 million to $269 million.
The consensus of analysts polled by FactSet is revenue of $207 million.
Life Time Stock
LTH stock jumped 6.2% Thursday clear a 25.59 buy point for a 13-week double-bottom base, which also marks its record high.
Life Time has posted 11 consecutive daily gains and is up more than 20.4% this year.
Planet Fitness
Elsewhere, rival health club operator Planet Fitness was the IBD Stock Of The Day for Monday, and shares broke out on Tuesday.
Planet Fitness on Tuesday cleared an early entry opportunity for a flat base at 102.90.
IBD's SwingTrader on Tuesday added PLNT stock as a full position with a 104.88 entry, before trimming the position to 3/4 on Wednesday.
Planet Fitness is near the top of the SwingTrader buy zone, which ranges from 104.70 to 106.79. The stop loss is set at PLNT's Jan. 13 close of 101.55.
Planet Fitness is up 7.2% in 2025 and on Wednesday hit a record high of 107.68.
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