We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Hyatt Hotels (H) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
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.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Hyatt Hotels (H) Q2 Earnings: A Look at Key Metrics
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.