Q2 Leisure Facilities Earnings: Life Time (NYSE:LTH) Impresses [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity. The 11 leisure facilities stocks we track reported a mixed Q2. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 13.8% below. Stocks--especially those trading at higher multiples--had a strong end of 2023, but this year has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts. However, leisure facilities stocks have held steady amidst all this with share prices up 2% on average since the latest earnings results. Best Q2: Life Time (NYSE:LTH) With over 150 locations and gyms that include saunas and steam rooms, Life Time (NYSE:LTH) is an upscale fitness club em
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- Sphere Entertainment Co. (NYSE: SPHR) had its price target raised by analysts at Guggenheim from $58.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Sphere Entertainment Co. (NYSE: SPHR) had its price target lowered by analysts at Bank of America Co. from $45.00 to $43.00. They now have a "neutral" rating on the stock.MarketBeat
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