Park Hotels & Resorts (PK) Surpasses Q1 FFO and Revenue Estimates

Core Viewpoint - Park Hotels & Resorts reported quarterly funds from operations (FFO) of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, but down from $0.52 per share a year ago, indicating a 12.20% surprise [1][2] Financial Performance - The company achieved revenues of $630 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.49%, although this is a decrease from $639 million in the same quarter last year [2] - Over the last four quarters, Park Hotels & Resorts has exceeded consensus FFO estimates two times and revenue estimates two times [2] Stock Performance and Outlook - Park Hotels & Resorts shares have declined approximately 27.1% since the beginning of the year, compared to a 3.3% decline in the S&P 500 [3] - The current consensus FFO estimate for the upcoming quarter is $0.58 on revenues of $681.84 million, and for the current fiscal year, it is $1.93 on revenues of $2.6 billion [7] Industry Context - The REIT and Equity Trust - Other industry, to which Park Hotels & Resorts belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]