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 moving slightly upwards over the last 60 days. Meanwhile, WYN’s earnings have been mostly strong over the past few quarters. In fact, the company posted positive earnings surprises in three of the last four quarters, with an average beat of 0.98%. Revenues, however, outpaced the Zacks Consensus Estimate in just one of the trailing four quarters.
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 $1.30 and the company reported earnings of $1.35 per share. Investors should note that these figures take out stock option expenses.
Revenues: WYN reported revenues of $1.32 billion. This slightly lagged our consensus estimate of $1.33 billion.
Key Stats to Note: Total system-wide same store RevPAR for Wyndham Hotel Group inched up 2.7% in constant currency, reflecting softness in domestic and Canadian oil markets.
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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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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 moving slightly upwards over the last 60 days. Meanwhile, WYN’s earnings have been mostly strong over the past few quarters. In fact, the company posted positive earnings surprises in three of the last four quarters, with an average beat of 0.98%. Revenues, however, outpaced the Zacks Consensus Estimate in just one of the trailing four quarters.
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 $1.30 and the company reported earnings of $1.35 per share. Investors should note that these figures take out stock option expenses.
Revenues: WYN reported revenues of $1.32 billion. This slightly lagged our consensus estimate of $1.33 billion.
Key Stats to Note: Total system-wide same store RevPAR for Wyndham Hotel Group inched up 2.7% in constant currency, reflecting softness in domestic and Canadian oil markets.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this WYN earnings report later!
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>