Playa Hotels & Resorts Q2 2024 Adj. EPS $0.12 Beats $0.10 Estimate, Sales $235.475M Beat $228.602M Estimate
Portfolio Pulse from Benzinga Newsdesk
Playa Hotels & Resorts (NASDAQ:PLYA) reported Q2 2024 adjusted EPS of $0.12, beating the $0.10 estimate. Sales were $235.475M, surpassing the $228.602M estimate. However, both EPS and sales decreased compared to the same period last year.
August 05, 2024 | 8:39 pm
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Playa Hotels & Resorts reported Q2 2024 adjusted EPS of $0.12, beating the $0.10 estimate. Sales were $235.475M, surpassing the $228.602M estimate. However, both EPS and sales decreased compared to the same period last year.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on PLYA's stock price. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100