Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Life Time (NYSE:LTH) and the best and worst performers in the leisure facilities industry.

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 10 leisure facilities stocks we track reported a slower Q4; on average, revenues beat analyst consensus estimates by 3.4%. while next quarter's revenue guidance was 21.6% below consensus. Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, but leisure facilities stocks held their ground better than others, with the share prices up 12.1% on average since the previous earnings results.

Best Q4: 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 emphasizing holistic well-being and fitness.

Life Time reported revenues of $558.8 million, up 18.2% year on year, in line with analyst expectations. It was a strong quarter for the company, with a solid beat of analysts' earnings estimates and revenue guidance for next quarter exceeding analysts' expectations.

Life Time pulled off the highest full-year guidance raise of the whole group. The stock is up 19.4% since the results and currently trades at $14.84.

Is now the time to buy Life Time? Access our full analysis of the earnings results here, it's free.

Live Nation (NYSE:LYV)

Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows.

Live Nation reported revenues of $5.84 billion, up 36.1% year on year, outperforming analyst expectations by 22.1%. It was a decent quarter for the company, with an impressive beat of analysts' revenue estimates. Qualitative commentary about the start of 2024 was also bullish, although the company did not provide specific revenue, adjusted EBITDA, or EPS guidance for the current year.

Live Nation pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is up 11.3% since the results and currently trades at $104.05.

Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it's free.

Slowest Q4: Six Flags (NYSE:SIX)

Sporting the fastest rollercoaster in the United States, Six Flags (NYSE:SIX) is a regional theme park operator offering thrilling rides, entertainment, and family-friendly attractions.

Six Flags reported revenues of $292.6 million, up 4.5% year on year, falling short of analyst expectations by 1.7%. It was a weak quarter for the company, with a miss of analysts' revenue and earnings estimates.

The stock is up 2.5% since the results and currently trades at $25.2.

Read our full analysis of Six Flags's results here.

Topgolf Callaway (NYSE:MODG)

Formed between the merger of Callaway and Topgolf, Topgolf Callaway (NYSE:MODG) sells golf equipment and operates technology-driven golf entertainment venues.

Topgolf Callaway reported revenues of $897.1 million, up 5.4% year on year, surpassing analyst expectations by 3.7%. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts' expectations.

The stock is up 21.3% since the results and currently trades at $16.43.

Read our full, actionable report on Topgolf Callaway here, it's free.

European Wax Center (NASDAQ:EWCZ)

Founded by two siblings, European Wax Center (NASDAQ:EWCZ) is a beauty and waxing salon chain specializing in professional wax services and skincare products.

European Wax Center reported revenues of $56.33 million, up 5.2% year on year, surpassing analyst expectations by 4.2%. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates but full-year revenue guidance missing analysts' expectations.

European Wax Center had the weakest full-year guidance update among its peers. The stock is down 7.3% since the results and currently trades at $12.14.

Read our full, actionable report on European Wax Center here, it's free.

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