Hyatt Hotels reports are expected to be released on May 4th
Hyatt Hotels Corporation (NYSE: H) is an American multinational hotel company. The company manages and sells luxury and business hotels, resorts and vacation properties. Hyatt Hotels owns 20 leading brands, including more than 975 hotel and wellness resorts in 69 countries on six continents.
On April 8th, Hyatt Hotels Corporation announced that it would publish its financial results for the first quarter of 2021 after the market closed on Tuesday, May 4th. Hyatt will host a conference the following day, Wednesday, May 5th. It is noteworthy that Hyatt missed earnings expectations in all four of its most recent earnings reports.
For the first quarter of 2020, Hyatt Hotels missed analysts’ estimates by a margin of $ 0.17 and reported earnings per share (EPS) of $ 0.35. For the second quarter of 2020, earnings per share decreased from H to – $ 1.80, and the company fell short of expectations with a margin of $ 0.48. For the third quarter of 2020, Hyatt Hotels reported an increase in earnings per share to – $ 1.48 per share, but fell short of estimates by a margin of $ 0.18. In the last quarterly report, Hyatt Hotels achieved earnings per share of – 1.77 USD and again fell short of expectations with a margin of 0.47 USD. Wall Street currently predicts that Hyatt will post earnings per share of – $ 1.30 on May 4th.
Equity is up nearly 47% over the past 12 months, and Hyatt stock has just doubled from its all-time low of $ 41.87 on May 14, 2020. Additionally, Hyatt Hotels stocks are up 11% year-to-date. Although the stock has fallen since hitting an annual high in late February, the security’s 80-day moving average has kept most of that retreat in check.
From a fundamental standpoint, Hyatt is not in as bad a position as one would expect a hotel that emerged from a pandemic that has devastated vacation populations. Hyatt Hotels revenue declined a whopping 59% in fiscal 2020, while net income declined to $ 703 million from $ 766 million in 2019. Hyatt’s record doesn’t look half bad, however. Despite severely limited operations, H was able to maintain total debt of only $ 3.65 billion. Meanwhile, the $ 1.88 billion cash on hand should be enough to keep operations going as the travel industry continues to expand. Overall, the Hyatt Hotels share should continue to show weakness in the short term. Once business picks up in 2022 and the numbers are reflected in H-share earnings, Hyatt stock is likely to turn bullish again.