Wyndham Hotels & Resorts Q4 2023 Adj EPS $0.91 Beats $0.90 Estimate, Net Revenues $321.00M Beat $320.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wyndham Hotels & Resorts (WH) reported Q4 2023 adjusted EPS of $0.91, surpassing the $0.90 estimate, with net revenues of $321.00M, slightly above the $320.70M estimate. However, this represents a 3.89% decrease in sales compared to the same period last year.
February 14, 2024 | 9:31 pm
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Wyndham Hotels & Resorts reported a slight earnings and revenue beat for Q4 2023, with adjusted EPS at $0.91 and net revenues at $321.00M, exceeding estimates. However, there's a notable 3.89% decrease in sales from the previous year.
The slight beat in both earnings and revenue for Wyndham Hotels & Resorts suggests a positive short-term impact on the stock price, as beating estimates typically boosts investor confidence. However, the year-over-year decrease in sales might temper some of the positive sentiment, indicating that while the beat is a positive signal, the underlying business performance has room for improvement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100