Hyatt Hotels (H) Q4 Earnings and Revenues Surpass Estimates

Company Performance - Hyatt Hotels reported quarterly earnings of $0.64 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, but down from $2.55 per share a year ago, indicating an earnings surprise of 68.42% [1] - The company generated revenues of $1.66 billion for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 6.08% and up from $1.59 billion year-over-year [1] - Over the last four quarters, Hyatt has surpassed consensus EPS estimates two times and revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $1.74 billion, and for the current fiscal year, it is $2.99 on revenues of $6.9 billion [4] - The estimate revisions trend for Hyatt Hotels 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 [4] Industry Context - The Hotels and Motels industry is currently in the top 29% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Civeo, another company in the same industry, is expected to report quarterly earnings of $0.07 per share, reflecting a year-over-year increase of 107.1%, with revenues anticipated to be $151.12 million, down 6.8% from the previous year [5][6]