Hyatt Hotels Corporation (NYSE:H) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Hyatt Hotels Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 200% to $0.09 in the quarter versus EPS of $0.03 in the year-earlier quarter.
Revenue: Rose 1.77% to $975 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hyatt Hotels Corporation reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.08. It missed the average revenue estimate of $1.01 billion.
Quoting Management: Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, “Our first quarter of 2013 reflected continued improvement in average daily rates with comparable owned and leased average daily rate increasing 4% excluding the impact of currency. We continued to see strength in transient demand, however group demand declined, in part due to the timing of Easter as compared to the prior year.”
Key Stats (on next page)…
Revenue decreased 2.5% from $1 billion in the previous quarter. EPS decreased 55% from $0.20 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.30 to a profit $0.32. For the current year, the average estimate has moved up from a profit of $0.75 to a profit of $0.81 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)