Park Hotels & Resorts Earnings Preview
Portfolio Pulse from Benzinga Insights
Park Hotels & Resorts (NYSE:PK) is set to release its quarterly earnings report on October 29, 2024. Analysts expect an EPS of $0.50. The company's past performance shows mixed results, with a recent earnings beat leading to a share price drop. The consensus rating is Neutral, with a potential 18.07% upside based on a $16.4 price target. The company faces challenges with a -3.92% revenue growth but maintains strong profitability with a 9.33% net margin.
October 28, 2024 | 2:03 pm
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NEUTRAL IMPACT
Park Hotels & Resorts is expected to report an EPS of $0.50. The company's past earnings beat led to a share price drop, highlighting the importance of guidance. Analysts rate the stock as Neutral with an 18.07% upside potential. Revenue growth is a concern, but profitability remains strong.
The upcoming earnings report is crucial for Park Hotels & Resorts, with analysts expecting an EPS of $0.50. The company's past performance shows that even an earnings beat can lead to a share price drop if guidance is not positive. The Neutral rating and potential upside indicate mixed market sentiment. Revenue growth challenges may weigh on investor sentiment, but strong profitability metrics could provide support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100