Life Time Fitness – A Fine Quarterly Report, Solid Year Ahead Guidance
by PAUL PRICE of Market Shadows
Life Time Fitness (LTM) beat Q4 estimate by $0.01. Managment guided FY14 EPS in-line with expectations.
LTM shares were trading + 2.9% @ $44.72 as of 11:18 AM.
Q4 EPS were $0.63 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.62.
Q4 Key metrics: (Year over year)
Membership dues $190.0 vs. $179.7 (+ 5.8%)
In-center revenue $89.0 vs. $83.0 (+ 7.3%)
Other revenue $8.6 vs. $9.1 (- 4.9%)
Average center revenue per Access membership $412 vs. $388 (+ 6.4%)
Average in-center revenue per Access membership $132 vs. $122 (+ 7.6%)
Same-unit revenue (open 13 months or longer) + 3.6%
Same-unit revenue (open 37 months or longer) + 2.7%
2014 Guidance:
$3.05-3.15 vs. $3.12 Consensus Estimate.
I think LTM is still a buy, but we have a full position in the Market Shadows’ virtual portfolios. LTM is in the Market Shadows’ Virtual Value and Virtual Put Selling portfolios.
