Hyatt Hotels Q4 Adjusted EPS $0.64 May Not Be Comparable To $0.39 Estimate
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels (NYSE:H) reported Q4 adjusted earnings per share (EPS) of $0.64, surpassing the analyst consensus estimate of $0.39 by 64.1%. However, this represents a 74.9% decrease from the $2.55 EPS reported in the same period last year.
February 23, 2024 | 11:57 am
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Hyatt Hotels reported a significant beat on Q4 earnings expectations but also a sharp decrease from last year's earnings.
The positive earnings surprise could lead to a short-term increase in stock price due to the beat on analyst expectations. However, the significant year-over-year decrease in earnings might temper investor enthusiasm, suggesting a cautious optimism.
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