Update: Q4 Adjusted EPS $0.64 May Not Be Comparable To $0.39 Estimate, Sales $1.66B Beat $1.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels (NYSE:H) reported Q4 earnings of $0.64 per share, surpassing the $0.39 estimate, a 64.1% beat. However, this represents a 74.9% decrease from last year's $2.55 per share. Q4 sales were $1.66 billion, exceeding the $1.60 billion estimate by 3.75% and marking a 4.53% increase from the previous year.
February 23, 2024 | 1:51 pm
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POSITIVE IMPACT
Hyatt Hotels reported a significant beat on both earnings per share and sales for Q4, surpassing analyst expectations.
Beating both EPS and sales estimates significantly, especially by 64.1% for EPS, is likely to instill investor confidence and could lead to a short-term positive impact on Hyatt Hotels' stock price. However, the 74.9% decrease in earnings per share from the previous year might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100