Ryman Hospitality Properties Earnings: Here’s Why Investors are Not Excited Now

Ryman Hospitality Properties (NYSE:RHP) 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. Shares are down 5.15%.

Ryman Hospitality Properties Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 341.18% to $0.75 in the quarter versus EPS of $0.17 in the year-earlier quarter.

Revenue: Decreased 3.18% to $245.18 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ryman Hospitality Properties reported adjusted EPS income of $0.75 per share. By that measure, the company beat the mean analyst estimate of $0.50. It missed the average revenue estimate of $252.75 million.

Quoting Management: Colin V. Reed, chairman, chief executive officer and president of Ryman Hospitality Properties, stated, “We continued to face near-term challenges in the second quarter, as the headwinds related to the management transition to Marriott, as well as overall weakness in the group sector, impacted our results. As communicated in June, lower than expected in-the-year, for-the-year group bookings, cost synergies not being realized as quickly as anticipated, and margin disruption related to the transition adversely impacted this quarter.”

Key Stats (on next page)…

Revenue increased 10.39% from $222.11 million in the previous quarter. EPS decreased 7.41% from $0.81 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.30 to a profit $0.28. For the current year, the average estimate has moved up from a profit of $1.69 to a profit of $1.82 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)