Financial Performance - Ryman Hospitality Properties reported quarterly funds from operations (FFO) of $2.08 per share, exceeding the Zacks Consensus Estimate of $1.79 per share and up from $1.60 per share a year ago [1] - The quarterly report reflects an FFO surprise of 16.20%, with the company surpassing consensus FFO estimates three times over the last four quarters [2] - The company posted revenues of $587.28 million for the quarter, surpassing the Zacks Consensus Estimate by 7.37% and increasing from $528.35 million year-over-year [3] Market Performance - Ryman Hospitality Properties shares have declined approximately 15.7% since the beginning of the year, compared to a 5.3% decline in the S&P 500 [4] - The current consensus FFO estimate for the upcoming quarter is $2.53 on revenues of $618.07 million, and for the current fiscal year, it is $8.39 on revenues of $2.4 billion [8] Industry Outlook - The REIT and Equity Trust - Other industry, to which Ryman Hospitality Properties belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, indicating potential challenges ahead [9] - The estimate revisions trend for Ryman Hospitality Properties is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [7]
Ryman Hospitality Properties (RHP) Tops Q1 FFO and Revenue Estimates