Hyatt Q3 Adjusted EPS of $1.27 Crushes $0.77 Consensus Despite Revenue Dip
H sits 36% above its 52-week low of $134.18.
Summary
Hyatt's Q3 adjusted EPS came in at $1.27 versus a $0.77 consensus — a wide beat, and up from a loss of 30 cents a year ago. Revenue slipped 2.4% to $1.74 billion, just under the $1.75 billion analysts expected, so the beat is margin-driven rather than top-line. Reported EPS was 60 cents on net income of $58 million. This follows this morning's disclosures of 7.2% comparable system-wide RevPAR growth and a narrowed full-year net income range of $240M-$310M, with the top end cut from $250M-$335M. The stock had already run 9.3% this quarter into the print, and the guidance trim against a big EPS beat is the tension traders will weigh.
At the time of this announcement, H was trading at $182.80 on NYSE in the Trade & Services sector, with a market capitalization of approximately $17.2B. The 52-week trading range was $134.18 to $206.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.