Hyatt Hotels H released its Q3 earnings on Thursday, October 31, 2024 at 06:55 AM.
Here's what's important from the earnings announcement.
Earnings
Hyatt Hotels missed estimated earnings by -32.0%, reporting an EPS of $0.94 versus an estimate of $1.38.
Revenue was up $7.00 million from the same period last year.
Earnings History Overview
Last quarter the company beat on EPS by $0.36 which was followed by a 1.0% drop in the share price the next day.
Here's a look at Hyatt Hotels's past performance:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|
| EPS Estimate | 1.38 | 1.17 | 0.92 | 0.39 | 0.62 |
| EPS Actual | 0.94 | 1.53 | 0.71 | 0.64 | 0.70 |
| Revenue Estimate | 1.57B | 1.74B | 1.71B | 1.60B | 1.64B |
| Revenue Actual | 1.63B | 1.70B | 1.71B | 1.66B | 1.62B |
Peer Performance in Recent Earnings
In light of Hyatt Hotels's earnings release, it's crucial to evaluate its performance relative to industry peers, including Norwegian Cruise Line, Viking Holdings, and Global Business Travel.
- Norwegian Cruise Line's earnings announcement on October 31, 2024 exceeded expectations, with an actual EPS of $0.99 compared to the market's projected EPS of $0.94, resulting in a 5.32% increase.
- The latest earnings report from Viking Holdings on August 22, 2024 showed a downturn in performance, with results falling short of expectations. Despite the market's EPS estimate of $0.65, Viking Holdings reported an EPS of $0.37, marking a -43.08% decrease.
- Global Business Travel, earnings announced on November 05, 2024, faced a downturn this quarter. Despite the market's EPS estimate of $-0.03, Global Business Travel disclosed an EPS of $-0.28, resulting in a decrease of -833.33% compared to expectations. This discrepancy could unsettle investors.
Analysis of Competitors' Quarterly Earnings and Stock Performance
This insightful analysis provides an overview of the market's responses to the latest earnings releases from key competitors. It presents the projected and actual earnings per share (EPS) figures for each company, alongside the associated stock prices at the close of the announcement day and the opening 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 | October 31, 2024 | 1.38 | 0.94 | -31.88% | $145.45 | $145.42 | -0.02% |
| Norwegian Cruise Line | October 31, 2024 | 0.94 | 0.99 | 5.32% | $25.34 | $25.25 | -0.36% |
| Viking Holdings | August 22, 2024 | 0.65 | 0.37 | -43.08% | $33.22 | $33.83 | 1.84% |
| Global Business Travel | November 05, 2024 | -0.03 | -0.28 | -833.33% | $7.73 | $7.87 | 1.81% |
Analyzing Peer Revenue Discrepancy: Estimated vs. Announced
The following table compares estimated and announced revenue figures for Hyatt Hotels's peers. This comparison provides insights into the revenue performance of these companies, offering valuable context to understand their financial standing within the industry.
| Company Name | Estimated Revenue | Announced Revenue | Revenue Surprise Percentage |
|---|---|---|---|
| Hyatt Hotels | 1.57B | 1.63B | 3.76% |
| Norwegian Cruise Line | 2.77B | 2.81B | 1.34% |
| Viking Holdings | 1.43B | 1.59B | 10.98% |
| Global Business Travel | 613.53M | 597M | -2.69% |
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
