For the quarter ended September 2023, Park Hotels & Resorts (PK - Free Report) reported revenue of $679 million, up 2.6% over the same period last year. EPS came in at $0.51, compared to $0.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $667.05 million, representing a surprise of +1.79%. The company delivered an EPS surprise of +15.91%, with the consensus EPS estimate being $0.44.
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: 73.9% versus the two-analyst average estimate of 75.1%.
- Revenues- Other: $22 million compared to the $22.15 million average estimate based on six analysts. The reported number represents a change of +15.8% year over year.
- Revenues- Rooms: $432 million compared to the $424.33 million average estimate based on six analysts. The reported number represents a change of +0.9% year over year.
- Revenues- Food and beverage: $159 million versus the five-analyst average estimate of $150.98 million. The reported number represents a year-over-year change of +7.4%.
- Revenues- Ancillary hotel: $66 million versus $66.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
- Earnings per share - Diluted: $0.13 compared to the $0.08 average estimate based on six analysts.
View all Key Company Metrics for Park Hotels & Resorts here>>>Shares of Park Hotels & Resorts have returned -1.3% over the past month versus the Zacks S&P 500 composite's -2.2% 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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For the quarter ended September 2023, Park Hotels & Resorts (PK - Free Report) reported revenue of $679 million, up 2.6% over the same period last year. EPS came in at $0.51, compared to $0.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $667.05 million, representing a surprise of +1.79%. The company delivered an EPS surprise of +15.91%, with the consensus EPS estimate being $0.44.
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: 73.9% versus the two-analyst average estimate of 75.1%.
- Revenues- Other: $22 million compared to the $22.15 million average estimate based on six analysts. The reported number represents a change of +15.8% year over year.
- Revenues- Rooms: $432 million compared to the $424.33 million average estimate based on six analysts. The reported number represents a change of +0.9% year over year.
- Revenues- Food and beverage: $159 million versus the five-analyst average estimate of $150.98 million. The reported number represents a year-over-year change of +7.4%.
- Revenues- Ancillary hotel: $66 million versus $66.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
- Earnings per share - Diluted: $0.13 compared to the $0.08 average estimate based on six analysts.
View all Key Company Metrics for Park Hotels & Resorts here>>>Shares of Park Hotels & Resorts have returned -1.3% over the past month versus the Zacks S&P 500 composite's -2.2% 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.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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