Park Hotels & Resorts Q4 Adjusted FFO Per Share $0.52 Beats $0.49 Estimate, Sales $657.00M Beat $648.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Park Hotels & Resorts (NYSE:PK) reported Q4 Adjusted FFO per share of $0.52, surpassing the $0.49 estimate, and sales of $657.00M, exceeding the $648.88M estimate. This represents a 15.56% increase in Adjusted FFO per share and a 1.20% decrease in sales from the same period last year.
February 27, 2024 | 9:21 pm
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POSITIVE IMPACT
Park Hotels & Resorts reported a strong Q4 with Adjusted FFO per share and sales beating estimates, indicating robust operational performance.
The beat on both Adjusted FFO per share and sales estimates indicates a strong operational performance by Park Hotels & Resorts, likely leading to positive investor sentiment in the short term. The year-over-year increase in Adjusted FFO per share further underscores the company's growth trajectory, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100