The earnings results for Hyatt Hotels H for Q1 were made public on Thursday, May 9, 2024 at 06:55 AM.
Here's a comprehensive overview of the announcement.
Earnings
Hyatt Hotels missed estimated earnings by -23.0%, reporting an EPS of $0.71 versus an estimate of $0.92.
Revenue was up $34.00 million from the same period last year.
Historical Earnings Summary
During the previous quarter, the company beat on EPS by $0.25, leading to a 11.0% increase share price change the next day.
Here's a look at Hyatt Hotels's past performance:
| Quarter | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|
| EPS Estimate | 0.92 | 0.39 | 0.62 | 0.83 | 0.48 |
| EPS Actual | 0.71 | 0.64 | 0.70 | 0.82 | 0.41 |
| Revenue Estimate | 1.71B | 1.60B | 1.64B | 1.65B | 1.58B |
| Revenue Actual | 1.71B | 1.66B | 1.62B | 1.71B | 1.68B |
Latest Earnings Reports from Competitors
It's important to consider Hyatt Hotels's numbers in relation to how its competitors, like Hilton Grand Vacations, Sabre, and Despegar.com, have been performing.
- The latest earnings announcement from Hilton Grand Vacations on May 09, 2024 exceeded expectations, with an actual EPS of $0.95 compared to the market's estimate of $0.72, resulting in a 31.94% increase.
- Sabre's earnings announcement on May 02, 2024 exceeded expectations, with an actual EPS of $-0.02 compared to the market's projected EPS of $-0.1, resulting in a 80.0% increase.
- Despegar.com announced earnings on March 14, 2024, revealing results below market expectations. Despite the market's anticipation of an EPS of $0.17, Despegar.com's actual EPS was $-0.08, resulting in a -147.06% decrease compared to expectations.
Reviewing Competitors' Quarterly Earnings and Stock Performance
Insights into the market's response to the latest earnings releases of key competitors are provided in this analysis. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.
| Company Name | Date | EPS Expected | EPS Announced | EPS Change Percent | Stock Price At Close | Stock Price at Next Day Open | Price Change Percent |
|---|---|---|---|---|---|---|---|
| Hyatt Hotels | May 9, 2024 | 0.92 | 0.71 | -22.83% | $152.27 | $152.87 | 0.39% |
| Hilton Grand Vacations | May 09, 2024 | 0.72 | 0.95 | 31.94% | $43.16 | $42.94 | -0.51% |
| Sabre | May 02, 2024 | -0.10 | -0.02 | 80.0% | $2.91 | $2.92 | 0.34% |
| Despegar.com | March 14, 2024 | 0.17 | -0.08 | -147.06% | $9.89 | $11.11 | 12.34% |
Peer Revenue Comparison: Estimated vs. Announced Revenue
Below is a comparison of estimated and announced revenue figures for Hyatt Hotels's peers. This comparison gives insights into the revenue performance of these companies, providing valuable context for understanding their financial standing within the industry.
| Company Name | Estimated Revenue | Announced Revenue | Revenue Surprise Percentage |
|---|---|---|---|
| Hyatt Hotels | 1.71B | 1.71B | 0.23% |
| Hilton Grand Vacations | 1.11B | 1.16B | 4.14% |
| Sabre | 751.37M | 782.89M | 4.19% |
| Despegar.com | 191.43M | 203.66M | 6.39% |
To track all earnings releases for Hyatt Hotels visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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