Hyatt Hotels Corp Earnings: The Profit Streak Continues

Hyatt Hotels Corporation (NYSE:H) reported its results for the first 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 First Quarter

Results: Net income for Hyatt Hotels Corporation remained steady at $10 million (6 cents per diluted share) from the year-earlier quarter.

Revenue: Rose 9.5% to $958 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hyatt Hotels Corporation fell short of the mean analyst estimate of 9 cents per share. Analysts were expecting revenue of $964.8 million.

Quoting Management: Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, “During the first quarter of 2012, we continued to deliver on our mission of providing authentic hospitality by making a difference in the lives of people that we touch every day, evidenced by improvements in market share as well as guest and meeting planner satisfaction. Our Adjusted EBITDA increased almost 15% as recently added and renovated hotels contributed to stronger results. We continue to expand in key markets that are significant to our future success.”

Key Stats:

Revenue has increased for four quarters in a row. Revenue increased 7.8% to $990 million in the fourth quarter of the last fiscal year. The figure rose 2% in the third quarter of the last fiscal year from the year earlier and climbed 5.3% in the second quarter of the last fiscal year from the year-ago quarter.

The company fell short of forecasts after beating estimates in the previous two quarters. In the fourth quarter of the last fiscal year, it topped the mark by 18 cents, and in the third quarter of the last fiscal year, it was ahead by 9 cents.

Net income has increased more than twofold year-over-year on average across the last five quarters. The biggest gain came in the fourth of the last fiscal year, when income climbed 766.7% from the year-earlier quarter.

Looking Forward: Over the past ninety days, the average estimate for the second quarter has fallen from 31 cents per share to 26 cents, indicating that analysts are growing pessisimistic about the company’s performance next quarter. The average estimate for the fiscal year is 72 cents per share, down from 89 cents ninety days ago.

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

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