Hyatt Hotels (H) Tops Q3 Earnings Estimates

Group 1 - Hyatt Hotels reported quarterly earnings of $0.94 per share, exceeding the Zacks Consensus Estimate of$ 0.90 per share, and up from $0.70 per share a year ago, representing an earnings surprise of 4.44% [1] - The company posted revenues of$ 1.63 billion for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.56%, and showing a year-over-year increase from $1.62 billion [2] - Over the last four quarters, Hyatt has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Group 2 - The stock has gained approximately 20.5% since the beginning of the year, compared to the S&P 500's gain of 21.9% [3] - The future performance of Hyatt Hotels' stock will largely depend on management's commentary during the earnings call and the outlook for earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is$ 0.88 on revenues of $1.68 billion, and for the current fiscal year, it is$ 3.87 on revenues of $6.74 billion [7] Group 3 - The Hotels and Motels industry, to which Hyatt belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - The Zacks Rank for Hyatt Hotels is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]