Playa Hotels & Resorts Q2 Adj EPS $0.13 Misses $0.14 Estimate, Sales $248.04M Miss $293.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Playa Hotels & Resorts (NASDAQ:PLYA) reported Q2 adjusted earnings of $0.13 per share, missing the analyst consensus estimate of $0.14 by 7.14%. This is a 13.33% decrease from the same period last year. The company also reported quarterly sales of $248.04 million, missing the analyst consensus estimate of $293.53 million by 15.50%. However, this is a 12.10% increase from the same period last year.
August 04, 2023 | 2:25 pm
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NEGATIVE IMPACT
Playa Hotels & Resorts missed Q2 earnings and sales estimates. Earnings per share decreased by 13.33% YoY, while sales increased by 12.10% YoY.
Playa Hotels & Resorts missed both earnings and sales estimates for Q2, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term. However, the YoY increase in sales might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100