Hyatt(H)
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Hyatt Hotels (H) Tops Q3 Earnings Estimates
ZACKS· 2024-10-31 13:11
Hyatt Hotels (H) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.44%. A quarter ago, it was expected that this hotel operator would post earnings of $0.95 per share when it actually produced earnings of $1.53, delivering a surprise of 61.05%.Over the last four quarters, the company ...
Hyatt(H) - 2024 Q3 - Quarterly Results
2024-10-31 10:57
Exhibit 99.1 HYATT REPORTS THIRD QUARTER 2024 RESULTS CHICAGO (October 31, 2024) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported third quarter 2024 results. Highlights include: • Comparable system-wide hotels RevPAR increased 3.0% compared to the same period in 2023 • Comparable system-wide all-inclusive resorts Net Package RevPAR decreased 0.9% compared to the same period in 2023 • Net Rooms Growth was approximately 4.3% • Net Income was $471 million and Adjusted Net Income w ...
Hyatt Q3 Earnings on the Horizon: What's in Store for the Stock?
ZACKS· 2024-10-30 18:11
Hyatt Hotels Corporation (H) is scheduled to report third-quarter 2024 results on Oct. 31, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 61.1%.H’s earnings topped the consensus mark in three of the trailing four quarters and missed once, with the average surprise being 35.9%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Hyatt’s Trend in Estimate RevisionThe Zacks Consensus Estimate for third-quarter adjusted ...
Exploring Analyst Estimates for Hyatt Hotels (H) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-29 14:21
Analysts on Wall Street project that Hyatt Hotels (H) will announce quarterly earnings of $0.90 per share in its forthcoming report, representing an increase of 28.6% year over year. Revenues are projected to reach $1.64 billion, increasing 1% from the same quarter last year. The consensus EPS estimate for the quarter has undergone a downward revision of 2.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates ...
Hyatt Hotels (H) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-24 15:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Hyatt Hotels (H) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are better than e ...
Hyatt Hotels: Further Upside Potential After 15% YTD Growth?
Forbes· 2024-10-08 09:00
Company Performance and Growth - Hyatt Hotels Corporation stock has gained close to 15% since the beginning of 2024, while Hilton stock is up about 27% over the same period [1] - Comparable system-wide revenue per available room increased by 4.7% year-over-year in Q2 2024, down from 5.5% y-o-y growth in Q1 2024 [1] - Asia remains the biggest driver of growth, with greater outbound travel from Greater China to markets including Japan, Thailand, and South Korea [1] - The U.S. business also increased from group and business travel [1] - Hyatt expects system-wide revenue per available room growth of 3.0% to 4.0% y-o-y in FY 2024 and a 5.5% to 6.0% increase in net room growth [1] - Adjusted EBITDA is expected to be in the range of $1.10 billion to $1.14 billion in FY 2024, compared to $1.03 billion in FY 2023 [1] Financial Strategy and Acquisitions - Hyatt added 18 new hotels and 3,251 rooms to its portfolio in Q2 2024, with a pipeline growth of 9% y-o-y to a record 130K rooms [2] - The company aims to derive over 80% of its earnings via fees by 2025, with fee-based revenues expected to be $1.1 billion to $1.13 billion in 2024 [2] - Hyatt completed the sale of its 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land for approximately $1.07 billion, retaining a long-term management agreement [3] - The company entered into an agreement to pay $150 million for 21 Standard International properties and another $185 million to acquire an additional 30 new projects in the Standard International pipeline, totaling $335 million [3] - These transactions are part of Hyatt's capital allocation strategy to sell owned hotels and reinvest in asset-light platforms to accelerate growth [3] Market Position and Valuation - Hyatt primarily makes money from fee-based revenue, licensing, and other services, allowing third-party owners and franchisees to use its brand and intellectual property [2] - The stock is considered fairly priced at current levels, trading at roughly 33x projected 2024 earnings, aligning with peers [4] - Hyatt's valuation is approximately $144 per share, almost in line with the current market price of about $150 per share [4] Industry Trends and Competitive Landscape - Travel demand has remained robust despite concerns about the global economy, driving recent price appreciation for hotel stocks [1] - Hyatt's focus on premium properties and a strong travel market should support long-term growth [4] - The company's peers are also performing well, with comparisons available on key metrics [4]
Hyatt Expands Select Service Pipeline by 25% in Three Years
ZACKS· 2024-10-07 17:20
Hyatt Hotels Corporation (H) continues to make remarkable strides in its select service segment, with 25% pipeline growth in the Americas over the past three years. As of June 30, 2024, this segment now represents more than half of Hyatt's total pipeline in the region, driven by its strategic focus on expanding lifestyle, luxury and all-inclusive properties.Select service brands have been essential in promoting Hyatt’s World of Hyatt loyalty program, which has shown robust growth compared with its competito ...
Hyatt Hotels: Favorable Internal And External Developments (Rating Upgrade)
Seeking Alpha· 2024-10-07 12:47
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Hydro One To Release Third Quarter 2024 Results On November 7, 2024 Before Markets Open
Prnewswire· 2024-10-04 21:00
Investment Community Teleconference Set for November 7, 2024 at 8 a.m. ETTORONTO, Oct. 4, 2024 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its third quarter financial results the morning of November 7, 2024, before North American financial markets open. A summary of the results will be distributed by newswire and the complete MD&A and financial statements will be posted at www.hydroone.com/investors and www.sedarplus.com. ...
Hyatt's Luxury & Lifestyle Expansion: Things Investors Need to Know
ZACKS· 2024-09-24 13:35
Hyatt Hotels Corporation (H) continues its strategic focus on expanding luxury and lifestyle properties across the Americas, capitalizing on a strong demand for high-end travel experiences. According to Hyatt’s Mid-Year 2024 Consumer Sentiment and Travel Expectations Report, 88% of consumers still plan to travel for leisure, bolstering the company’s approach of delivering unique, memorable stays for its guests and World of Hyatt members.With a development pipeline of over 20 new and planned openings through ...