Hyatt Hotels Corporation (NASDAQ:H) will unveil its latest earnings on Tuesday, August 2, 2011. Hyatt Hotels Corporation provides hospitality services on a worldwide basis through the management, franchising and ownership of hospitality related businesses.
Hyatt Hotels Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 15 cents per share, a rise of 15.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 18 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 15 cents during the last month. For the year, analysts are projecting profit of 45 cents per share, a rise of 40.6% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 7 cents per share against a mean estimate of profit of 5 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $910.1 million in revenue this quarter, a rise of 2.4% from the year ago quarter. Analysts are forecasting total revenue of $3.7 billion for the year, a rise of 4.8% from last year’s revenue of $3.53 billion.
Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, one rating it as a sell and seven rating it as a hold.
The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased 4% to $875 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 3.3%.
Competitors to Watch: Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT), Marriott Intl., Inc. (NYSE:MAR), Silverleaf Resorts, Inc. (NASDAQ:SVLF), ILX Resorts Incorporated (ILXRQ), Morgans Hotel Group Co. (NASDAQ:MHGC), Bluegreen Corporation (NYSE:BXG), Red Lion Hotels Corp. (NYSE:RLH), Gaylord Entertainment Co. (NYSE:GET), InterContinental Hotels Group PLC (NYSE:IHG), and Sonesta Intl. Hotels Corp. (NASDAQ:SNSTA).
Stock Price Performance: During May 31, 2011 to July 27, 2011, the stock price had fallen $4.40 (-9.9%) from $44.58 to $40.18. The stock price saw one of its best stretches over the last year between January 6, 2011 and January 18, 2011 when shares rose for eight-straight days, rising 5.3% (+$2.44) over that span. It saw one of its worst periods between May 27, 2011 and June 8, 2011 when shares fell for eight-straight days, falling 12.1% (-$5.46) over that span. Shares are down $5.58 (-12.2%) year to date.
(Source: Xignite Financials)