Park Hotels & Resorts (PK) Q3 FFO Lag Estimates

Core Insights - Park Hotels & Resorts reported quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.39 per share, and down from $0.49 per share a year ago, indicating a FFO surprise of -10.26% [1] - The company posted revenues of $610 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.18%, but down from $649 million year-over-year [2] - Park Hotels & Resorts shares have declined approximately 22% year-to-date, contrasting with the S&P 500's gain of 17.2% [3] Financial Performance - Over the last four quarters, the company has exceeded consensus FFO estimates two times and topped consensus revenue estimates three times [2] - The current consensus FFO estimate for the upcoming quarter is $0.45 on revenues of $630.79 million, and for the current fiscal year, it is $1.95 on revenues of $2.54 billion [7] Market Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] - The estimate revisions trend for Park Hotels & Resorts was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The REIT and Equity Trust - Other industry is currently in the top 34% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]