Hyatt Hotels Analysts Cut Their Forecasts Following Q2 Results
Portfolio Pulse from Avi Kapoor
Hyatt Hotels Corporation (NYSE:H) reported mixed Q2 2024 results, missing sales estimates but beating EPS expectations. Analysts have lowered their price targets following the earnings announcement.
August 07, 2024 | 1:17 pm
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Hyatt Hotels Corporation reported mixed Q2 2024 results with sales of $1.703 billion missing estimates but adjusted EPS of $1.53 beating expectations. Analysts have lowered their price targets following the earnings announcement.
Despite beating EPS expectations, Hyatt's sales missed estimates, leading to a 1.4% drop in share price. Analysts have also lowered their price targets, indicating a negative short-term outlook.
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