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Hyatt Hotels (H) Q1 Earnings & Revenues Beat Estimates

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Hyatt Hotels Corporation (H - Free Report) is a leading global hospitality company and operates under a number of leading brands. The company has a significant presence in major hospitality markets across the world. The company has an industry-leading guest loyalty program — Hyatt Gold Passport program — which serves millions of members worldwide.

Hyatt Hotels stands to gain from increased demand in the U.S., which is supported by stronger economic metrics and the increasingly positive employment scenario in the country. Moreover, improved transient demand and greater pricing power should continue to drive Revenue per Available Room (RevPAR).

However, pressure on margins due to lower nominal growth in RevPAR, continued weakness in France exacerbated by the impact of renovations, geopolitical uncertainties in key operating regions, and negative currency translations remain potent headwinds.

Investors should note that the consensus estimate for H has been trending upwards over the last 60 days. Moreover, H’s earnings have been positive over the past few quarters. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 33%. Meanwhile, revenues have outpaced the Zacks Consensus Estimate in just one of the trailing four quarters.

Hyatt Hotels Corporation Price and EPS Surprise

 

Hyatt Hotels Corporation Price and EPS Surprise | Hyatt Hotels Corporation Quote

H currently has a Zacks Rank #3 (Hold) but that could change following Hyatt Hotels’ 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: H beats on earnings. Our consensus earnings estimate called for earnings per share of 24 cents and the company reported earnings of 73 cents per share. Investors should note that these figures take out stock option expenses.

Revenues: H reported revenues of $1.19 billion. This surpassed our consensus estimate of $1.14 billion.

Key Stats to Note: Comparable systemwide RevPAR increased 4.7% in first-quarter 2017. Adjusted EBITDA was $228 million, up 18.8% year over year in constant currency.

Stock Price Impact: In-active in pre-market trading.

Check back for our full write up on this H earnings report!

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