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Hyatt(H) - 2024 Q1 - Earnings Call Transcript
2024-05-09 19:51
Hyatt Hotels Corporation (NYSE:H) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Adam Rohman - SVP, IR and FP&A Mark Hoplamazian - President and CEO Joan Bottarini - CFO Conference Call Participants Daniel Politzer - Wells Fargo Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Joe Greff - JPMorgan Richard Clarke - Bernstein Meredith Jensen - HSBC Patrick Scholes - Truist Securities Michael Bellisario - Baird Operator Good morning, and welcome to Hyatt's First ...
Hyatt(H) - 2024 Q1 - Quarterly Report
2024-05-09 18:50
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34521 HYATT HOTELS CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 20-1480589 (State or ...
Hyatt (H) Q1 Earnings & Revenues Miss Estimates, RevPAR Up Y/Y
Zacks Investment Research· 2024-05-09 17:36
Hyatt Hotels Corporation (H) delivered tepid first-quarter 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimate. Then again, the top and bottom lines increased on a year-over-year basis.Hyatt’s results reflect year-over-year growth in comparable system-wide revenue per available room (RevPAR), driven by an increase in occupancy and average daily rate (ADR). This uptrend is mainly driven by solid demand across all customer segments. Travel demand by leisure guests, especially in Me ...
Hyatt Hotels (H) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-09 15:01
Hyatt Hotels (H) reported $1.71 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 2%. EPS of $0.71 for the same period compares to $0.41 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of -0.37%. The company delivered an EPS surprise of -2.74%, with the consensus EPS estimate being $0.73.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...
Hyatt Hotels (H) Misses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-09 13:06
Hyatt Hotels (H) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.74%. A quarter ago, it was expected that this hotel operator would post earnings of $0.38 per share when it actually produced earnings of $0.64, delivering a surprise of 68.42%.Over the last four quarters, the company ...
Hyatt(H) - 2024 Q1 - Quarterly Results
2024-05-09 11:08
Exhibit 99.1 HYATT REPORTS FIRST QUARTER 2024 RESULTS CHICAGO (May 9, 2024) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported first quarter 2024 results. Highlights include: • Comparable system-wide hotels RevPAR increased 5.5% compared to the same period in 2023 • Comparable system-wide all-inclusive resorts Net Package RevPAR increased 11.0% compared to the same period in 2023 • Net Rooms Growth was approximately 5.5% • Net Income was $522 million and Adjusted Net Income was $ ...
Why Hyatt Hotels (H) Might Surprise This Earnings Season
Zacks Investment Research· 2024-05-08 13:50
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 ...
Leisure Demand & Expansion to Aid Hyatt's (H) Q1 Earnings
Zacks Investment Research· 2024-05-07 13:46
Hyatt Hotels Corporation (H) is scheduled to report first-quarter 2024 results on May 9, before the opening bell. In the last reported quarter, the company reported an earnings surprise of 68.4%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for first-quarter earnings per share (EPS) is pegged at 73 cents, indicating an improvement of 78.1% from 41 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at approximately $1.72 billion. The metric suggests an increase of ...
Unveiling Hyatt Hotels (H) Q1 Outlook: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-05-06 14:21
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 ...
Will Hyatt Hotels (H) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-18 17:16
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 ...