Leisure Stocks May 4 Earnings Roster: H, VAC, LYV & Others
Zacks Investment Research | May 02, 2017 09:45PM ET
The first-quarter earnings seems to be in full flow with a deluge of companies reporting their financial figures each day. Let’s take a look at how the leisure companies from the widely diversified Consumer Discretionary sector have fared so far.
Per the latest Earnings Preview , 42.9% of the Consumer Discretionary companies in the S&P 500 index have already reported their results as of Apr 28. The growth rate for earnings and revenues is 18.1% and 6.8%, respectively. In fact, the beat ratio of 80.0% and 53.3% for earnings and revenues, respectively, is also noteworthy.
While overall earnings for the sector in first-quarter 2017 are expected to be up 8.1% year over year, revenues are likely to increase11.3%.
However, the performance of the leisure stocks within the sector has been mixed so far this earnings season.
Among the notable companies in the leisure space that have already reported results, Brunswick Corporation (NYSE:BC) delivered an impressive performance with both earnings and revenues topping the Zacks Consensus Estimates. Meanwhile, Royal Caribbean Cruises Ltd. (NYSE:RCL) posted mixed results with earnings beating the consensus mark, while revenues failed to surpass the same.
Six leisure stocks from the sector are set to report their quarterly results on May 4. Will these companies manage to put up a decent performance? Let’s see what might be in store for them this quarter:
Leading global hospitality company, Hyatt Hotels Corporation (NYSE:H) had posted a positive earnings surprise of 20.83% in the previous quarter. Moreover, the company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 33.00%.
Hyatt Hotels Corporation Price and EPS Surprise
What Should You Expect from Hyatt Hotels in Q1 Earnings? ).
Marriott Vacations Worldwide Corp. (NYSE:VAC) had posted a positive earnings surprise of 3.98% in the previous quarter. However, the company lagged earnings estimates in two of the past four quarters, leading to an average miss of 5.60%.
Marriot Vacations Worldwide Corporation Price and EPS Surprise
What to Expect from Marriott Vacations in Q1 Earnings? ).
Live Nation Entertainment, Inc.’s (NYSE:LYV) loss was in line with the Zacks Consensus Estimate in the last quarter. But prior to that, the company had posted positive earnings surprise in each of the three trailing quarters, bringing the average positive surprise in the last four quarters to 23.56%.
Live Nation Entertainment, Inc. Price and EPS Surprise
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Is a Beat in Store for Live Nation in Q1 Earnings? ).
ILG, Inc. (NASDAQ:ILG) had registered a positive earnings surprise of 37.14% in the previous quarter. In fact, the company’s earnings surpassed/met the Zacks Consensus Estimate in the last four quarters, with an average beat of 25.82%.
For the first quarter of 2017, the company has an Earnings ESP of -3.23%, which makes surprise prediction difficult even though the company has a Zacks Rank #3. Notably, the Zacks Consensus Estimate for the quarter’s earnings is pegged at 31 cents.
The Madison Square (NYSE:SQ) Garden Company (NYSE:MSG) , which is involved in the sports, entertainment and media industries, recorded a positive earnings surprise of 14.35% in the last reported quarter. However, the trailing four-quarter average negative surprise is 31.17%.
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