Wall Street analysts expect Park Hotels & Resorts (PK - Free Report) to post quarterly earnings of $0.51 per share in its upcoming report, which indicates a year-over-year increase of 13.3%. Revenues are expected to be $665.16 million, unchanged compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Park Hotels & Resorts metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Revenues- Other' will reach $22.37 million. The estimate indicates a year-over-year change of +6.5%.
Analysts predict that the 'Revenues- Rooms' will reach $400.48 million. The estimate indicates a change of -1.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Food and beverage' should come in at $170.83 million. The estimate suggests a change of -2.4% year over year.
Analysts expect 'Revenues- Ancillary hotel' to come in at $61.10 million. The estimate suggests a change of -3% year over year.
The combined assessment of analysts suggests that 'Depreciation and amortization' will likely reach $65.32 million. Compared to the current estimate, the company reported $65 million in the same quarter of the previous year.
View all Key Company Metrics for Park Hotels & Resorts here>>>
Park Hotels & Resorts shares have witnessed a change of +2.3% in the past month, in contrast to the Zacks S&P 500 composite's +4.7% move. With a Zacks Rank #3 (Hold), PK is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street analysts expect Park Hotels & Resorts (PK - Free Report) to post quarterly earnings of $0.51 per share in its upcoming report, which indicates a year-over-year increase of 13.3%. Revenues are expected to be $665.16 million, unchanged compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Park Hotels & Resorts metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Revenues- Other' will reach $22.37 million. The estimate indicates a year-over-year change of +6.5%.
Analysts predict that the 'Revenues- Rooms' will reach $400.48 million. The estimate indicates a change of -1.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Food and beverage' should come in at $170.83 million. The estimate suggests a change of -2.4% year over year.
Analysts expect 'Revenues- Ancillary hotel' to come in at $61.10 million. The estimate suggests a change of -3% year over year.
The combined assessment of analysts suggests that 'Depreciation and amortization' will likely reach $65.32 million. Compared to the current estimate, the company reported $65 million in the same quarter of the previous year.
View all Key Company Metrics for Park Hotels & Resorts here>>>
Park Hotels & Resorts shares have witnessed a change of +2.3% in the past month, in contrast to the Zacks S&P 500 composite's +4.7% move. With a Zacks Rank #3 (Hold), PK is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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