Hyatt Hotels Corp Earnings: Beats Analysts’ Estimates

Hyatt Hotels Corporation (NYSE:H) reported net income above Wall Street’s expectations for the fourth quarter. Hyatt Hotels provides hospitality services on a worldwide basis through the management, franchising and ownership of hospitality related businesses.

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Hyatt Hotels Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the lodging company rose to $52 million (31 cents per share) vs. $6 million (3 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter.

Revenue: Rose 7.8% to $990 million from the year earlier quarter.

Actual vs. Wall St. Expectations: Hyatt Hotels Corporation beat the mean analyst estimate of 13 cents per share. Analysts were expecting revenue of $1 billion.

Quoting Management: Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, “We are pleased to see sustained transient business travel around the world in the fourth quarter. Demand from this segment was the primary driver of our results in 2011. Though group demand in the U.S. was stronger in the fourth quarter of 2011 than in 2010, corporations remain cautious about making longer-term commitments and this continues to limit visibility into forward bookings.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 9 cents in the third quarter, by 12 cents in the second quarter, and by 2 cents in the first quarter.

Revenue has risen the past four quarters. Revenue increased 2% to $897 million in the third quarter. The figure rose 5.3% in the second quarter from the year earlier and climbed 4% in the first quarter from the year-ago quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved down from 14 cents a share to 13 cents over the last ninety days. For the fiscal year, the average estimate has been unchanged at 63 cents a share.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com