Park Hotels & Resorts (PK - Free Report) reported $714 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.7%. EPS of $0.60 for the same period compares to $0.66 a year ago.
The reported revenue represents a surprise of -1.52% over the Zacks Consensus Estimate of $725.05 million. With the consensus EPS estimate being $0.60, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Park Hotels & Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Occupancy Rate: 74.4% compared to the 75.93% average estimate based on two analysts.
- Revenues- Rooms: $442 million compared to the $447.24 million average estimate based on five analysts. The reported number represents a change of +2.1% year over year.
- Revenues- Ancillary hotel: $72 million versus $70.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
- Revenues- Food and beverage: $178 million versus the four-analyst average estimate of $180.83 million. The reported number represents a year-over-year change of +2.9%.
- Revenues- Other: $22 million versus $21.75 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
- Earnings per share - Diluted: -$0.70 versus $0.29 estimated by five analysts on average.
View all Key Company Metrics for Park Hotels & Resorts here>>>Shares of Park Hotels & Resorts have returned +1.6% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Park Hotels & Resorts (PK - Free Report) reported $714 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.7%. EPS of $0.60 for the same period compares to $0.66 a year ago.
The reported revenue represents a surprise of -1.52% over the Zacks Consensus Estimate of $725.05 million. With the consensus EPS estimate being $0.60, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Park Hotels & Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Occupancy Rate: 74.4% compared to the 75.93% average estimate based on two analysts.
- Revenues- Rooms: $442 million compared to the $447.24 million average estimate based on five analysts. The reported number represents a change of +2.1% year over year.
- Revenues- Ancillary hotel: $72 million versus $70.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
- Revenues- Food and beverage: $178 million versus the four-analyst average estimate of $180.83 million. The reported number represents a year-over-year change of +2.9%.
- Revenues- Other: $22 million versus $21.75 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
- Earnings per share - Diluted: -$0.70 versus $0.29 estimated by five analysts on average.
View all Key Company Metrics for Park Hotels & Resorts here>>>Shares of Park Hotels & Resorts have returned +1.6% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on PK - FREE