Leading hotelier, Wyndham Worldwide Corporation is a provider of various hospitality services to individual and business customers through its premier portfolio of global brands. The company has significant presence in major hospitality markets in the United States and across the world.
Moreover, the company has an industry-leading guest loyalty program - Wyndham Rewards - which helps members to earn rewards and redeem points on their hotel stays. Also, in order to survive in the competitive environment, Wyndham is devising new ways to increase occupancy at its hotels.
However, lingering global uncertainty in economies like Europe, Brazil and China has been limiting revenue growth. Additionally, negative currency translation has been marring the company’s revenues and profits over the past few quarters, given Wyndham’s considerable international operations.
Investors should note that the consensus estimate for WYN has been stable over the last 60 days. Meanwhile, WYN’s earnings have been strong over the past few quarters. In fact, the company posted positive earnings surprises in all of the last four quarters, with an average beat of 2.41%. Revenues, however, have missed the Zacks Consensus Estimate in three of the trailing four quarters.
Wyndham Worldwide Corp Price and EPS Surprise
WYN currently has a Zacks Rank #3 (Hold) but that could change following Wyndham’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: WYN beats on earnings. Our consensus earnings estimate called for earnings per share of $2 and the company reported earnings of $2.03 per share. Investors should note that these figures take out stock option expenses.
Revenues: WYN reported revenues of $1.63 billion. This slightly lagged our consensus estimate of $1.67 billion.
Key Stats to Note: Gross vacation ownership interest (VOI) sales for the Wyndham Vacation Ownership segment grew 7% year over year. Volume per guest (VPG) was down 1%, primarily reflecting an increase in sales to new owners, which produces a lower VPG.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this WYN earnings report later!
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Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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Wyndham (WYN) Q3 Earnings Beat, Revenues Miss Marginally
Leading hotelier, Wyndham Worldwide Corporation is a provider of various hospitality services to individual and business customers through its premier portfolio of global brands. The company has significant presence in major hospitality markets in the United States and across the world.
Moreover, the company has an industry-leading guest loyalty program - Wyndham Rewards - which helps members to earn rewards and redeem points on their hotel stays. Also, in order to survive in the competitive environment, Wyndham is devising new ways to increase occupancy at its hotels.
However, lingering global uncertainty in economies like Europe, Brazil and China has been limiting revenue growth. Additionally, negative currency translation has been marring the company’s revenues and profits over the past few quarters, given Wyndham’s considerable international operations.
Investors should note that the consensus estimate for WYN has been stable over the last 60 days. Meanwhile, WYN’s earnings have been strong over the past few quarters. In fact, the company posted positive earnings surprises in all of the last four quarters, with an average beat of 2.41%. Revenues, however, have missed the Zacks Consensus Estimate in three of the trailing four quarters.
Wyndham Worldwide Corp Price and EPS Surprise
Wyndham Worldwide Corp Price and EPS Surprise | Wyndham Worldwide Corp Quote
WYN currently has a Zacks Rank #3 (Hold) but that could change following Wyndham’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: WYN beats on earnings. Our consensus earnings estimate called for earnings per share of $2 and the company reported earnings of $2.03 per share. Investors should note that these figures take out stock option expenses.
Revenues: WYN reported revenues of $1.63 billion. This slightly lagged our consensus estimate of $1.67 billion.
Key Stats to Note: Gross vacation ownership interest (VOI) sales for the Wyndham Vacation Ownership segment grew 7% year over year. Volume per guest (VPG) was down 1%, primarily reflecting an increase in sales to new owners, which produces a lower VPG.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this WYN earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>