Earnings Breakdown: Hyatt Hotels Q1

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The earnings results for Hyatt Hotels H for Q1 were made public on Thursday, May 9, 2024 at 06:55 AM.

Here's a comprehensive overview of the announcement.

Earnings

Hyatt Hotels missed estimated earnings by -23.0%, reporting an EPS of $0.71 versus an estimate of $0.92.

Revenue was up $34.00 million from the same period last year.

Historical Earnings Summary

During the previous quarter, the company beat on EPS by $0.25, leading to a 11.0% increase share price change the next day.

Here's a look at Hyatt Hotels's past performance:

Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate 0.92 0.39 0.62 0.83 0.48
EPS Actual 0.71 0.64 0.70 0.82 0.41
Revenue Estimate 1.71B 1.60B 1.64B 1.65B 1.58B
Revenue Actual 1.71B 1.66B 1.62B 1.71B 1.68B

Latest Earnings Reports from Competitors

It's important to consider Hyatt Hotels's numbers in relation to how its competitors, like Hilton Grand Vacations, Sabre, and Despegar.com, have been performing.

  • The latest earnings announcement from Hilton Grand Vacations on May 09, 2024 exceeded expectations, with an actual EPS of $0.95 compared to the market's estimate of $0.72, resulting in a 31.94% increase.
  • Sabre's earnings announcement on May 02, 2024 exceeded expectations, with an actual EPS of $-0.02 compared to the market's projected EPS of $-0.1, resulting in a 80.0% increase.
  • Despegar.com announced earnings on March 14, 2024, revealing results below market expectations. Despite the market's anticipation of an EPS of $0.17, Despegar.com's actual EPS was $-0.08, resulting in a -147.06% decrease compared to expectations.

Reviewing Competitors' Quarterly Earnings and Stock Performance

Insights into the market's response to the latest earnings releases of key competitors are provided in this analysis. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.

Company Name Date EPS Expected EPS Announced EPS Change Percent Stock Price At Close Stock Price at Next Day Open Price Change Percent
Hyatt Hotels May 9, 2024 0.92 0.71 -22.83% $152.27 $152.87 0.39%
Hilton Grand Vacations May 09, 2024 0.72 0.95 31.94% $43.16 $42.94 -0.51%
Sabre May 02, 2024 -0.10 -0.02 80.0% $2.91 $2.92 0.34%
Despegar.com March 14, 2024 0.17 -0.08 -147.06% $9.89 $11.11 12.34%

Peer Revenue Comparison: Estimated vs. Announced Revenue

Below is a comparison of estimated and announced revenue figures for Hyatt Hotels's peers. This comparison gives insights into the revenue performance of these companies, providing valuable context for understanding their financial standing within the industry.

Company Name Estimated Revenue Announced Revenue Revenue Surprise Percentage
Hyatt Hotels 1.71B 1.71B 0.23%
Hilton Grand Vacations 1.11B 1.16B 4.14%
Sabre 751.37M 782.89M 4.19%
Despegar.com 191.43M 203.66M 6.39%

To track all earnings releases for Hyatt Hotels visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
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