Hyatt (H) Earnings & Revenues Drive Past Estimates In Q1
Zacks Investment Research | May 01, 2019 09:05PM ET
Hyatt Hotels Corporation (NYSE:H) reported better-than-expected results in the first quarter of 2019. With this, the bottom line exceeded the consensus mark for 13 straight quarters while the top line surpassed estimates after missing the same for the fourth consecutive quarter.
Adjusted earnings of 45 cents per share outpaced the Zacks Consensus Estimate of 21 cents. In the prior-year quarter, the company reported earnings of 33 cents per share. Total revenues were $1,241 million, which increased 11.9% from the prior-year quarter figure andbeat the consensus estimate by 9.3%.
Following the quarterly results, shares of Hyatt increasedslightly in after-hours trading.
RevPAR Details
In the reported quarter, comparable system-wide revenues per available room (RevPAR) increased 1.8%, taking into account a 2.7% increase of the same at comparable owned and leased hotels. However, comparable U.S. hotel RevPAR fell 0.3%. While full-service hotel RevPAR was up 0.1%, that of select service hotel declined 1.3%.
Hyatt Hotels Corporation Price, Consensus and EPS Surprise
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