Hyatt Hotels Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Hyatt Hotels Corporation (NYSE:H) is anticipated to report lower Q4 earnings with an expected EPS of 39 cents compared to $2.55 in the previous year. Revenue is projected at $1.61 billion, slightly up from $1.59 billion. Recent analyst actions include a downgrade by Evercore ISI Group, price target adjustments by Barclays, Morgan Stanley, HSBC, and Stifel, reflecting varied expectations for the stock's performance.
February 23, 2024 | 7:45 am
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Hyatt Hotels is expected to report lower Q4 earnings with an EPS of 39 cents, down from $2.55, and a slight revenue increase to $1.61 billion. Analysts have recently adjusted their ratings and price targets, indicating mixed expectations.
The expected decrease in EPS for Q4 indicates a significant drop in profitability compared to the previous year, which could negatively impact investor sentiment and stock price in the short term. The mixed analyst ratings and price target changes further contribute to uncertainty around the stock's performance, suggesting a cautious outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100