Wyndham Hotels & Resorts Q1 2024 Adj EPS $0.78 Beats $0.75 Estimate, Sales $305.000M Miss $308.264M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wyndham Hotels & Resorts (WH) reported Q1 2024 adjusted earnings of $0.78 per share, surpassing the $0.75 estimate. However, their sales of $305 million fell short of the expected $308.264 million, marking a 2.56% decrease from the previous year.
April 24, 2024 | 8:12 pm
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Wyndham Hotels & Resorts exceeded Q1 2024 EPS estimates but missed on sales, with a slight year-over-year decline.
The mixed results with an earnings beat but a miss on revenue forecasts could lead to neutral market sentiment towards WH in the short term. The earnings beat is positive, but the slight decline in sales year-over-year and missing revenue estimates may temper any potential positive momentum in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100