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 a 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, despite the slight weakening of the U.S. dollar in 2016 from the previous year, negative currency translation has been marring the company’s revenues and profits.
Investors should note that the consensus estimate for WYN has been moving slightly downwards 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 1.89%. Revenues too outpaced the Zacks Consensus Estimate in two 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 $1.87 and the company reported earnings of $1.89 per share. Investors should note that these figures take out stock option expenses.
Revenues: WYN reported revenues of $1.57 billion. This lagged our consensus estimate of $1.59 billion.
Key Stats to Note: Total system-wide same store RevPAR for Wyndham Hotel Group inched up 1.4% in constant currency, reflecting ongoing pressure in domestic and Canadian oil markets and decelerating industry RevPAR trends.
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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Wyndham's (WYN) Q3 Earnings Trump Estimates, Revenues Lag
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 a 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, despite the slight weakening of the U.S. dollar in 2016 from the previous year, negative currency translation has been marring the company’s revenues and profits.
Investors should note that the consensus estimate for WYN has been moving slightly downwards 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 1.89%. Revenues too outpaced the Zacks Consensus Estimate in two of the trailing four quarters.
WYNDHAM WORLDWD Price and EPS Surprise
WYNDHAM WORLDWD Price and EPS Surprise | WYNDHAM WORLDWD Quote
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 $1.87 and the company reported earnings of $1.89 per share. Investors should note that these figures take out stock option expenses.
Revenues: WYN reported revenues of $1.57 billion. This lagged our consensus estimate of $1.59 billion.
Key Stats to Note: Total system-wide same store RevPAR for Wyndham Hotel Group inched up 1.4% in constant currency, reflecting ongoing pressure in domestic and Canadian oil markets and decelerating industry RevPAR trends.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this WYN earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>