Investors are always looking for stocks that are poised to beat at earnings season and Hyatt Hotels Corporation (H) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Hyatt Hotels is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...

Earnings Report and Estimates - Hyatt Hotels Corporation is scheduled to report first-quarter 2024 results on May 9, with a previous earnings surprise of 68.4% in the last reported quarter [1] - The Zacks Consensus Estimate for first-quarter EPS is 73 cents, indicating a 78.1% improvement from 41 cents in the year-ago quarter [2] - Revenue consensus is approximately $1.72 billion, suggesting a 2.4% increase from the year-ago quarter [2] Performance Drivers - Hyatt's first-quarter 2023 performance is expected to benefit from robust leisure and business transient demand, expansion initiatives, and loyalty programs [3] - Comparable systemwide hotels' RevPAR is expected to increase 6.2% year over year to $138.6, with average daily rate and occupancy rates increasing 0.1% to $202.4 and 400 basis points to 68.5%, respectively [3] - The World of Hyatt loyalty program is enhancing its offerings, which is anticipated to increase room night penetration and make Hyatt's brands more appealing to property owners [4] Expansion and Strategy - Hyatt is expanding its market reach and accommodating various price ranges, which stimulates loyalty membership and attracts hotel developers and owners [5] - The company expects first-quarter total managed and franchised properties to increase 7.7% year over year to 1,485 [5] - Hyatt sold 80% of its Unlimited Vacation Club (UVC) business for $80 million but will maintain management responsibilities, with forecasts suggesting management and royalty fees will exceed $60 million for the rest of 2024 [6] Earnings Model and Valuation - The Zacks model predicts an earnings beat for Hyatt, with an Earnings ESP of +13.79% and a Zacks Rank of 3 [7][8] - Hyatt's shares have surged by 43.8% in the past six months, outperforming the industry gain of 24.9% [9] - The stock is currently trading at 41.94X forward 12-month price-to-earnings, compared to 23.95X for the Zacks sub-industry and 16.66X for the Zacks sector [9] Other Stocks with Earnings Potential - Funko, Inc. (FNKO) has an Earnings ESP of +6.90% and a Zacks Rank of 2, with expected earnings increase of 40.8% for the to-be-reported quarter [11] - Fox Corporation (FOXA) has an Earnings ESP of +2.98% and a Zacks Rank of 3, with expected earnings increase of 4.3% for the to-be-reported quarter [11] - Choice Hotels International, Inc. (CHH) has an Earnings ESP of +0.44% and a Zacks Rank of 3, with expected earnings increase of 2.7% for the to-be-reported quarter [12]

Wall Street analysts forecast that Hyatt Hotels (H) will report quarterly earnings of $0.73 per share in its upcoming release, pointing to a year-over-year increase of 78.1%. It is anticipated that revenues will amount to $1.72 billion, exhibiting an increase of 2.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projec ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Hyatt Hotels (H) , which belongs to the Zacks Hotels and Motels industry, could be a great candidate to consider.This hotel operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 42.54%.For the last reported quarter, Hyatt Hotels came out wit ...

Core Insights - Hyatt Hotels Corporation has announced the addition of the Legend Paracas Resort in Paracas, Peru, marking its first property in South America and the 15th hotel in the region [1] - The company maintains a positive outlook on its expansion strategy in Latin America and the Caribbean, focusing on property renovations to cater to both business and leisure travelers [2] Expansion Strategy - Hyatt aims to differentiate its brands by providing unique travel experiences and plans to expand its presence in Asia-Pacific, Europe, Africa, the Middle East, and Latin America [3] - In Q4 2023, Hyatt added 29 new hotels, totaling 9,648 rooms, including significant properties like the 2,500-room Rio Hotel & Casino in Las Vegas and several hotels in the Dominican Republic and Greater China [3] Growth Projections - The company anticipates unit growth in 2024 to be between 5.5% and 6% on a net-room basis, indicating optimism about full-service growth opportunities globally [4] Stock Performance - Year-to-date, Hyatt's shares have increased by 14.1%, outperforming the industry average growth of 7.7%, driven by strong leisure demand and recovery in business travel [5] - Analysts have raised earnings estimates for 2024, reflecting optimism regarding the stock's growth potential [6]

The Zacks Hotels and Motels industry performance in 2024 is likely to be impacted by high costs, heightened geopolitical risks and persistent macroeconomic uncertainty. However, industry participants’ focus on expansion efforts, hotel conversions, strategic partnerships and loyalty programs bode well. The industry exhibited resilience behind cost-saving initiatives and digital enhancements. Hotel owners continue to focus on maintaining a balance between maximizing hotel profitability and driving guest satis ...

NEW YORK, NY - MAY 21: One of the entrance of the International Hotel Grand Hyatt is seen shuttered ... [+] during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City. (Photo by Eduardo MunozAlvarez/VIEWpress via Getty Images)Corbis via Getty ImagesHyatt stock has rallied by almost 22% since early 2024, outperforming the broader S&P 500 which remains up by about 10% over the same period. There are a couple of trends driving the recent price appreciation. Travel and leisure demand has rema ...

Core Viewpoint - Hyatt Hotels Corporation is experiencing significant growth driven by strong leisure and business transient demand, expansion initiatives, and a successful loyalty program, with a notable increase in group demand in the United States [1] Group 1: Financial Performance - Shares of Hyatt grew 52.4% in the past six months, outperforming the Zacks Hotels and Motels industry's growth of 29.7% [1] - The earnings estimate for Q1 2024 increased to 74 cents per share from 72 cents, reflecting an 80.5% year-over-year growth [1] - The company has delivered a trailing four-quarter earnings surprise of 17.8% on average, indicating positive analyst sentiment and strong fundamentals [1] Group 2: Growth Drivers - Hyatt is witnessing solid growth in comparable system-wide revenue per available room, driven by increased occupancy and average daily rate (ADR) [3] - The company reported a 6% year-over-year increase in transient revenues and a 14% increase in business transient revenues during Q4 2023, reaching 93% of 2019 levels globally [4] - The recovery of business transient travel is expected to continue as travel restrictions ease and cross-border travel resumes [4] Group 3: Expansion Initiatives - Hyatt plans to expand its presence in Asia-Pacific, Europe, Africa, the Middle East, and Latin America, which will help gain market share in the hospitality industry [4] - A strategic agreement was announced to develop over 60 hotels in China under select service and independent collection brands [5] - In 2023, Hyatt added 101 new hotels (23,965 rooms) and expects unit growth of 5.5% to 6% on a net-room basis in 2024 [6] Group 4: Loyalty Program - The World of Hyatt loyalty program has significantly contributed to top-line growth, with membership levels increasing by approximately 22% year-over-year to nearly 44 million members [6] - The collaboration with Built Rewards program in 2021 has further enhanced guest engagement and spending levels [6] - The company aims to extend offerings into new markets and diverse price points to foster loyalty membership growth [7]

Core Insights - Hyatt Hotels Corporation is set to transform The Confidante Miami Beach into the new Andaz Miami Beach, with an expected opening in Q4 2024 [1][2] - The renovation will include a redesigned lobby, two pools, a spa, and new dining experiences provided by José Andrés Group [1][4] - This will be the first Andaz hotel in Florida, expanding Hyatt's brand presence in a key leisure market [2][5] Renovation Details - The hotel will temporarily suspend operations from March 25, 2024, until the renovation is completed [1] - The new Andaz Miami Beach will feature an ocean view check-in experience, a reimagined culinary offering, and 25,000 square feet of event space [3] Culinary Experience - José Andrés Group will introduce three distinct dining venues at the new hotel, focusing on local tastes and innovative culinary concepts [4][8] - The dining options will include a venue for breakfast, lunch, and dinner, a craft cocktail bar, and a signature concept by José Andrés [4] Brand Expansion - The Andaz brand currently has 29 properties globally and aims to enhance guest experiences through local engagement and imaginative travel [2][5] - The transformation of The Confidante into Andaz Miami Beach is part of Hyatt's strategy to grow its footprint in popular leisure destinations [2][5]

Guests and members at participating Hyatt Regency hotels in the U.S., including Hyatt Regency Irvine, will have access to 130 complimentary guided workouts, custom-designed for all fitness levels (Photo: Business Wire)Guests and members at participating Hyatt Regency hotels in the U.S., including Hyatt Regency Irvine, will have access to 130 complimentary guided workouts, custom-designed for all fitness levels (Photo: Business Wire)Guests and members at participating Hyatt Regency hotels in the U.S., includ ...