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Strength Seen in Wyndham (WH): Can Its 6.4% Jump Turn into More Strength?

Zacks Equity Research
·2 min read

Wyndham Hotels (WH) shares ended the last trading session 6.4% higher at $68.77. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 17.8% loss over the past four weeks.

Robust RevPAR growth, increase in hotel franchising revenues and expansion efforts have been boosting investors’ sentiment.

This hotel and resort chain is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $346.63 million, down 14.6% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

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For Wyndham, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on WH going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Wyndham is a member of the Zacks Hotels and Motels industry. One other stock in the same industry, Marriott International (MAR), finished the last trading session 4.8% higher at $139.39. MAR has returned -21.8% over the past month.

For Marriott , the consensus EPS estimate for the upcoming report has changed +0.2% over the past month to $1.55. This represents a change of +96.2% from what the company reported a year ago. Marriott currently has a Zacks Rank of #2 (Buy).


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Wyndham Hotels & Resorts (WH) : Free Stock Analysis Report
 
Marriott International, Inc. (MAR) : Free Stock Analysis Report
 
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Zacks Investment Research