We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Hyatt Hotels (H) Surges 4.1%: Is This an Indication of Further Gains?
Read MoreHide Full Article
Hyatt Hotels (H - Free Report) shares ended the last trading session 4.1% higher at $145.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7% gain over the past four weeks.
Hyatt’s recent stock rally reflects likely investor optimism around its asset-light strategy and luxury-led portfolio growth. The introduction of the Hyatt Select brand and momentum in upper midscale expansion signal deeper market penetration, while progress on $2 billion in asset sales, including the Playa deal, bolsters capital flexibility. Together, these moves are boosting confidence in sustained performance.
This hotel operator is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of -59.5%. Revenues are expected to be $1.74 billion, up 1.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Hyatt Hotels, the consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on H going forward to see if this recent jump can turn into more strength down the road.
Hyatt Hotels belongs to the Zacks Hotels and Motels industry. Another stock from the same industry, Civeo (CVEO - Free Report) , closed the last trading session 0.3% higher at $23.15. Over the past month, CVEO has returned 6.8%.
Civeo's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.08. Compared to the company's year-ago EPS, this represents a change of -85.7%. Civeo currently boasts a Zacks Rank of #2 (Buy).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hyatt Hotels (H) Surges 4.1%: Is This an Indication of Further Gains?
Hyatt Hotels (H - Free Report) shares ended the last trading session 4.1% higher at $145.39. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7% gain over the past four weeks.
Hyatt’s recent stock rally reflects likely investor optimism around its asset-light strategy and luxury-led portfolio growth. The introduction of the Hyatt Select brand and momentum in upper midscale expansion signal deeper market penetration, while progress on $2 billion in asset sales, including the Playa deal, bolsters capital flexibility. Together, these moves are boosting confidence in sustained performance.
This hotel operator is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of -59.5%. Revenues are expected to be $1.74 billion, up 1.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Hyatt Hotels, the consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on H going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Hyatt Hotels belongs to the Zacks Hotels and Motels industry. Another stock from the same industry, Civeo (CVEO - Free Report) , closed the last trading session 0.3% higher at $23.15. Over the past month, CVEO has returned 6.8%.
Civeo's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.08. Compared to the company's year-ago EPS, this represents a change of -85.7%. Civeo currently boasts a Zacks Rank of #2 (Buy).