Hospitality company Hyatt Hotels (NYSE: H) will be reporting earnings this Thursday before market open. Here’s what you need to know.
Hyatt Hotels missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $1.79 billion, up 9.6% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EBITDA guidance missing analysts’ expectations.
Is Hyatt Hotels a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Hyatt Hotels’s revenue to grow 12.2% year on year to $1.80 billion, a reversal from the 3.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hyatt Hotels has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Hyatt Hotels’s peers in the travel and vacation providers segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Royal Caribbean delivered year-on-year revenue growth of 13.3%, meeting analysts’ expectations, and Marriott reported revenues up 4.1%, in line with consensus estimates. Royal Caribbean traded up 11.3% following the results.
Read our full analysis of Royal Caribbean’s results here and Marriott’s results here.
Investors in the travel and vacation providers segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Hyatt Hotels is up 3.2% during the same time and is heading into earnings with an average analyst price target of $175.91 (compared to the current share price of $169.10).
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