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Playa Hotels & Resorts (PLYA) Gains But Lags Market: What You Should Know
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Playa Hotels & Resorts (PLYA - Free Report) closed at $5.96 in the latest trading session, marking a +1.19% move from the prior day. The stock lagged the S&P 500's daily gain of 1.97%. Elsewhere, the Dow gained 1.88%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the developer and operator of all-inclusive resorts had lost 11.16% over the past month, outpacing the Consumer Discretionary sector's loss of 12.81% and lagging the S&P 500's loss of 9.93% in that time.
Playa Hotels & Resorts will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.06, up 166.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $192.73 million, up 27.39% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.51 per share and revenue of $827.27 million, which would represent changes of +206.25% and +54.73%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Playa Hotels & Resorts. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.33% higher. Playa Hotels & Resorts is currently a Zacks Rank #2 (Buy).
Investors should also note Playa Hotels & Resorts's current valuation metrics, including its Forward P/E ratio of 11.63. This represents a discount compared to its industry's average Forward P/E of 18.77.
The Hotels and Motels industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PLYA in the coming trading sessions, be sure to utilize Zacks.com.
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Playa Hotels & Resorts (PLYA) Gains But Lags Market: What You Should Know
Playa Hotels & Resorts (PLYA - Free Report) closed at $5.96 in the latest trading session, marking a +1.19% move from the prior day. The stock lagged the S&P 500's daily gain of 1.97%. Elsewhere, the Dow gained 1.88%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the developer and operator of all-inclusive resorts had lost 11.16% over the past month, outpacing the Consumer Discretionary sector's loss of 12.81% and lagging the S&P 500's loss of 9.93% in that time.
Playa Hotels & Resorts will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.06, up 166.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $192.73 million, up 27.39% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.51 per share and revenue of $827.27 million, which would represent changes of +206.25% and +54.73%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Playa Hotels & Resorts. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.33% higher. Playa Hotels & Resorts is currently a Zacks Rank #2 (Buy).
Investors should also note Playa Hotels & Resorts's current valuation metrics, including its Forward P/E ratio of 11.63. This represents a discount compared to its industry's average Forward P/E of 18.77.
The Hotels and Motels industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PLYA in the coming trading sessions, be sure to utilize Zacks.com.