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Hyatt Hotels (H) Q2 Earnings Top, Revenues in Line
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Hyatt Hotels Corporation (H - Free Report) is a leading global hospitality company and operates under a number of leading brands. The company has a significant presence in major hospitality markets across the world. The company has an industry-leading guest loyalty program — Hyatt Gold Passport program — which serves millions of members worldwide.
Improved transient demand and greater pricing power have been driving RevPAR over the past few quarters. However, lingering global uncertainty in economies like Europe, Brazil and China has been limiting revenue growth. Additionally, despite the weakening of the U.S. dollar in 2016, negative currency translation has been marring the company’s revenues and profits.
Investors should note that the consensus estimate for H has been moving slightly downwards over the last 60 days. Meanwhile, H’s earnings have been mixed over the past few quarters. Notably, the company’s earnings lagged the Zacks Consensus Estimate in two of the last four quarters, with an average miss of 3.57%. Meanwhile, revenues have outpaced the Zacks Consensus Estimate in three of the trailing four quarters.
H currently has a Zacks Rank #4 (Sell) but that could change following Hyatt Hotels’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: H beats on earnings. Our consensus earnings estimate called for earnings per share of 46 cents and the company reported earnings of 64 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: H reported revenues of $1.17 billion, in-line with the consensus mark.
Key Stats to Note: Comparable owned and leased hotels RevPAR increased 4.5% while comparable systemwide RevPAR increased 2.3% in second-quarter 2016. Adjusted EBITDA was $227 million, up 5.6% year over year.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this H earnings report later!
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Hyatt Hotels (H) Q2 Earnings Top, Revenues in Line
Hyatt Hotels Corporation (H - Free Report) is a leading global hospitality company and operates under a number of leading brands. The company has a significant presence in major hospitality markets across the world. The company has an industry-leading guest loyalty program — Hyatt Gold Passport program — which serves millions of members worldwide.
Improved transient demand and greater pricing power have been driving RevPAR over the past few quarters. However, lingering global uncertainty in economies like Europe, Brazil and China has been limiting revenue growth. Additionally, despite the weakening of the U.S. dollar in 2016, negative currency translation has been marring the company’s revenues and profits.
Investors should note that the consensus estimate for H has been moving slightly downwards over the last 60 days. Meanwhile, H’s earnings have been mixed over the past few quarters. Notably, the company’s earnings lagged the Zacks Consensus Estimate in two of the last four quarters, with an average miss of 3.57%. Meanwhile, revenues have outpaced the Zacks Consensus Estimate in three of the trailing four quarters.
HYATT HOTELS CP Price and EPS Surprise
HYATT HOTELS CP Price and EPS Surprise | HYATT HOTELS CP Quote
H currently has a Zacks Rank #4 (Sell) but that could change following Hyatt Hotels’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: H beats on earnings. Our consensus earnings estimate called for earnings per share of 46 cents and the company reported earnings of 64 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: H reported revenues of $1.17 billion, in-line with the consensus mark.
Key Stats to Note: Comparable owned and leased hotels RevPAR increased 4.5% while comparable systemwide RevPAR increased 2.3% in second-quarter 2016. Adjusted EBITDA was $227 million, up 5.6% year over year.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this H earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>