Hospitality company Hyatt Hotels (NYSE:H) will be reporting earnings this Thursday morning. Here’s what to expect.
Hyatt Hotels beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $1.72 billion, flat year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EPS estimates.
Is Hyatt Hotels a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Hyatt Hotels’s revenue to grow 1.3% year on year to $1.72 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.67 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 5 downward revisions over the last 30 days (we track 11 analysts). 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 Q2 results, giving us a hint as to what we can expect. Lindblad Expeditions delivered year-on-year revenue growth of 23%, beating analysts’ expectations by 5.6%, and Carnival reported revenues up 9.5%, topping estimates by 1.7%. Lindblad Expeditions traded up 16.1% following the results while Carnival was also up 5.9%.
Read our full analysis of Lindblad Expeditions’s results here and Carnival’s results here.
Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Hyatt Hotels is down 6.1% during the same time and is heading into earnings with an average analyst price target of $154.42 (compared to the current share price of $136.59).
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