Hyatt Hotels Q1 2024 Adj EPS $0.71 Misses $0.91 Estimate
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels reported its Q1 2024 adjusted earnings per share (EPS) of $0.71, missing the analyst consensus estimate of $0.91 by 21.98%.
May 09, 2024 | 10:56 am
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Hyatt Hotels reported a Q1 2024 EPS of $0.71, missing the consensus estimate of $0.91 by 21.98%.
Missing the consensus earnings estimate by a significant margin of 21.98% is likely to negatively impact investor sentiment and could lead to a short-term decrease in Hyatt Hotels' stock price. Investors often view earnings misses as a negative indicator of a company's operational performance and future prospects, which can lead to selling pressure.
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IMPORTANCE 90
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