Advertisement
Canada markets open in 1 hour 3 minutes

  • S&P/TSX

    22,468.16
    +2.79 (+0.01%)
     

  • S&P 500

    5,321.41
    +13.28 (+0.25%)
     

  • DOW

    39,872.99
    +66.22 (+0.17%)
     

  • CAD/USD

    0.7314
    -0.0021 (-0.29%)
     

  • CRUDE OIL

    77.78
    -0.88 (-1.12%)
     

  • Bitcoin CAD

    95,747.36
    -1,820.00 (-1.87%)
     

  • CMC Crypto 200

    1,512.68
    -13.74 (-0.90%)
     

  • GOLD FUTURES

    2,413.30
    -12.60 (-0.52%)
     

  • RUSSELL 2000

    2,098.36
    -4.14 (-0.20%)
     

  • 10-Yr Bond

    4.4140
    -0.0230 (-0.52%)
     

  • NASDAQ futures

    18,789.25
    -10.00 (-0.05%)
     

  • VOLATILITY

    12.18
    +0.32 (+2.70%)
     

  • FTSE

    8,364.27
    -52.18 (-0.62%)
     

  • NIKKEI 225

    38,617.10
    -329.83 (-0.85%)
     

  • CAD/EUR

    0.6753
    -0.0001 (-0.01%)
     

Park Hotels & Resorts (PK) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2 min read

Park Hotels & Resorts (PK) reported $639 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.4%. EPS of $0.52 for the same period compares to $0.15 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $630.46 million, representing a surprise of +1.36%. The company delivered an EPS surprise of +18.18%, with the consensus EPS estimate being $0.44.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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.

ADVERTISEMENT

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:

  • Occupancy Rate: 70.9% versus the two-analyst average estimate of 69%.

  • Comparable RevPAR Growth: 8% versus 7.1% estimated by two analysts on average.

  • Revenues- Rooms: $374 million versus $363.85 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.1% change.

  • Revenues- Ancillary hotel: $62 million compared to the $62.86 million average estimate based on five analysts. The reported number represents a change of -4.6% year over year.

  • Revenues- Food and beverage: $182 million versus the five-analyst average estimate of $177.57 million. The reported number represents a year-over-year change of +0.6%.

  • Revenues- Other: $21 million versus the five-analyst average estimate of $22.62 million. The reported number represents a year-over-year change of +5%.

  • Earnings per share - Diluted: $0.13 versus $0.16 estimated by six analysts on average.

View all Key Company Metrics for Park Hotels & Resorts here>>>

Shares of Park Hotels & Resorts have returned -5.2% over the past month versus the Zacks S&P 500 composite's -2.5% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Park Hotels & Resorts Inc. (PK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research