Hyatt Hotels (H - Free Report) reported $1.71 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 15%. EPS of $0.82 for the same period compares to $0.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.65 billion, representing a surprise of +3.33%. The company delivered an EPS surprise of -1.20%, with the consensus EPS estimate being $0.83.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hyatt Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- ADR - Comparable systemwide hotels: $207.37 versus $206.67 estimated by three analysts on average.
- RevPAR - Comparable systemwide hotels: $148.39 compared to the $144.03 average estimate based on three analysts.
- Occupancy - Comparable systemwide hotels: 71.6% versus 69.71% estimated by three analysts on average.
- ADR - EAME/SW Asia full service: $248.26 versus the two-analyst average estimate of $206.13.
- Distribution and destination management: $273 million versus the seven-analyst average estimate of $271.21 million. The reported number represents a year-over-year change of +6.6%.
- Revenues- Owned and Leased Hotels: $341 million compared to the $345.35 million average estimate based on seven analysts. The reported number represents a change of +3% year over year.
- Other revenues: $71 million versus the seven-analyst average estimate of $67.19 million. The reported number represents a year-over-year change of +16.4%.
- Net management, franchise, and other fees: $236 million compared to the $217.05 million average estimate based on six analysts.
- Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties: $784 million compared to the $733.90 million average estimate based on six analysts. The reported number represents a change of +22.5% year over year.
- Management and franchise fees: $248 million versus the four-analyst average estimate of $227.57 million. The reported number represents a year-over-year change of +21.6%.
- Revenues- Contra: -$12 million versus the three-analyst average estimate of -$10 million.
- Management, franchise, and other fees- Base management fees: $96 million versus the two-analyst average estimate of $85.72 million.
View all Key Company Metrics for Hyatt Hotels here>>>Shares of Hyatt Hotels have returned +8.2% over the past month versus the Zacks S&P 500 composite's +1.5% 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.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Hyatt Hotels (H - Free Report) reported $1.71 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 15%. EPS of $0.82 for the same period compares to $0.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.65 billion, representing a surprise of +3.33%. The company delivered an EPS surprise of -1.20%, with the consensus EPS estimate being $0.83.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hyatt Hotels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- ADR - Comparable systemwide hotels: $207.37 versus $206.67 estimated by three analysts on average.
- RevPAR - Comparable systemwide hotels: $148.39 compared to the $144.03 average estimate based on three analysts.
- Occupancy - Comparable systemwide hotels: 71.6% versus 69.71% estimated by three analysts on average.
- ADR - EAME/SW Asia full service: $248.26 versus the two-analyst average estimate of $206.13.
- Distribution and destination management: $273 million versus the seven-analyst average estimate of $271.21 million. The reported number represents a year-over-year change of +6.6%.
- Revenues- Owned and Leased Hotels: $341 million compared to the $345.35 million average estimate based on seven analysts. The reported number represents a change of +3% year over year.
- Other revenues: $71 million versus the seven-analyst average estimate of $67.19 million. The reported number represents a year-over-year change of +16.4%.
- Net management, franchise, and other fees: $236 million compared to the $217.05 million average estimate based on six analysts.
- Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties: $784 million compared to the $733.90 million average estimate based on six analysts. The reported number represents a change of +22.5% year over year.
- Management and franchise fees: $248 million versus the four-analyst average estimate of $227.57 million. The reported number represents a year-over-year change of +21.6%.
- Revenues- Contra: -$12 million versus the three-analyst average estimate of -$10 million.
- Management, franchise, and other fees- Base management fees: $96 million versus the two-analyst average estimate of $85.72 million.
View all Key Company Metrics for Hyatt Hotels here>>>Shares of Hyatt Hotels have returned +8.2% over the past month versus the Zacks S&P 500 composite's +1.5% 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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