Ryman Hospitality Properties Earnings: Here’s Why Shares are Down Now

Ryman Hospitality Properties (NYSE:RHP) had a loss and missed Wall Street’s expectations, AND 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 2%.

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Ryman Hospitality Properties Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.32 in the quarter versus EPS of $0.10 in the year-earlier quarter.

Revenue: Decreased 1.15% to $266.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS loss of $-0.32 per share. By that measure, the company missed the mean analyst estimate of $0.26. It missed the average revenue estimate of $282.01 million.

Quoting Management: Colin V. Reed, chairman, chief executive officer and president of the Company, stated, “2012 was a transformative year for our company, as we transferred the management of our hotel properties and certain attractions, as well as their employees, to Marriott and streamlined and positioned the Company to elect REIT status for the year ending December 31, 2013. We are pleased with how these processes unfolded, and particularly with how our partnership with Marriott has progressed. Additionally, this quarter we established an ongoing dividend policy and announced the approval of a share repurchase program, which we believe is currently the appropriate strategic use of capital for our business.”

Key Stats (on next page)…

Revenue increased 16.73% from $228.13 million in the previous quarter. EPS increased to $-0.32 in the quarter versus EPS of $-0.57 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 $0.29 to a profit $0.34. For the current year, the average estimate has moved down from a profit of $0.53 to a loss of $0.12 over the last ninety days.

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