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Compared to Estimates, Park Hotels & Resorts (PK) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Park Hotels & Resorts (PK - Free Report) reported revenue of $686 million, down 3.9% over the same period last year. EPS came in at $0.65, compared to -$0.70 in the year-ago quarter.
The reported revenue represents a surprise of -1.29% over the Zacks Consensus Estimate of $694.94 million. With the consensus EPS estimate being $0.63, the EPS surprise was +3.17%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Park Hotels & Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable RevPAR Growth
: 2% versus 3.1% estimated by three analysts on average.
Occupancy Rate
: 77.1% versus 77.7% estimated by two analysts on average.
Revenues- Rooms
: $416 million versus the six-analyst average estimate of $423.48 million. The reported number represents a year-over-year change of -5.9%.
Revenues- Ancillary hotel
: $66 million versus the five-analyst average estimate of $68.54 million. The reported number represents a year-over-year change of -8.3%.
Revenues- Food and beverage
: $182 million compared to the $180.39 million average estimate based on five analysts. The reported number represents a change of +2.3% year over year.
Revenues- Other
: $22 million versus the five-analyst average estimate of $23.08 million. The reported number represents a year-over-year change of 0%.
Earnings per share - Diluted
: $0.30 versus the six-analyst average estimate of $0.29.
Shares of Park Hotels & Resorts have returned +2.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Park Hotels & Resorts (PK) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Park Hotels & Resorts (PK - Free Report) reported revenue of $686 million, down 3.9% over the same period last year. EPS came in at $0.65, compared to -$0.70 in the year-ago quarter.
The reported revenue represents a surprise of -1.29% over the Zacks Consensus Estimate of $694.94 million. With the consensus EPS estimate being $0.63, the EPS surprise was +3.17%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Park Hotels & Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Park Hotels & Resorts here>>>Comparable RevPAR Growth
: 2% versus 3.1% estimated by three analysts on average.Occupancy Rate
: 77.1% versus 77.7% estimated by two analysts on average.Revenues- Rooms
: $416 million versus the six-analyst average estimate of $423.48 million. The reported number represents a year-over-year change of -5.9%.Revenues- Ancillary hotel
: $66 million versus the five-analyst average estimate of $68.54 million. The reported number represents a year-over-year change of -8.3%.Revenues- Food and beverage
: $182 million compared to the $180.39 million average estimate based on five analysts. The reported number represents a change of +2.3% year over year.Revenues- Other
: $22 million versus the five-analyst average estimate of $23.08 million. The reported number represents a year-over-year change of 0%.Earnings per share - Diluted
: $0.30 versus the six-analyst average estimate of $0.29.Shares of Park Hotels & Resorts have returned +2.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.