Compared to Estimates, Park Hotels & Resorts (PK) Q4 Earnings: A Look at Key Metrics

Core Insights - Park Hotels & Resorts reported $625 million in revenue for Q4 2024, a year-over-year decline of 4.9% and an EPS of$ 0.39 compared to $0.88 a year ago, indicating a significant drop in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of$ 602.92 million by 3.66%, while the EPS fell short of the consensus estimate of $0.40 by 2.50% [1] Financial Performance Metrics - Comparable RevPAR growth was -1.4%, better than the estimated -3.6% by analysts [4] - The occupancy rate was reported at 69.9%, slightly below the average estimate of 70.5% [4] - Room revenues reached$ 376 million, surpassing the average estimate of $361.10 million, but represented a year-over-year decline of 5.3% [4] - Ancillary hotel revenues were$ 60 million, exceeding the average estimate of $56.66 million, with a year-over-year decline of 1.6% [4] - Food and beverage revenues totaled$ 167 million, above the estimated $162.22 million, reflecting a year-over-year decrease of 6.2% [4] - Other revenues were reported at$ 22 million, slightly above the average estimate of $21.71 million, showing a year-over-year increase of 4.8% [4] - Diluted EPS was reported at$ 0.32, significantly higher than the average estimate of $0.07 [4] Stock Performance - Shares of Park Hotels & Resorts have returned -4.4% over the past month, contrasting with the Zacks S&P 500 composite's +2.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]