Hyatt Hotels Corporation (NYSE:H) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, H to report 3Q20 loss of $ 1.3 per share.
For the full year, analysts anticipate top line of $ 2336.91 million, while looking forward to loss of $ 4.53 per share bottom line.
Previous Quarter Performance
Hyatt Hotels Corporation came out with loss for the second quarter of $ 1.80 per share, from the revenue of $ 250.00 million. The quarterly revenues down 80.61 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.34 per share from $ 316.39 million in revenue. The bottom line results missed street analysts by $ 0.46 or 34.33 percent, at the same time, top line results fell short of analysts by $ 66.39 million or 20.98 percent.
Stock Performance
Shares of Hyatt Hotels Corporation traded up $ 2.73 or 4.91 percent on Tuesday, reaching $ 58.33 with volume of 630.50 thousand shares. Hyatt Hotels Corporation has traded high as $ 58.83 and has cracked $ 56.25 on the downward trend
According to the previous trading day, closing price of $ 58.33, representing a 131.47 % increase from the 52 week low of $ 24.02 and a 41.46 % decrease over the 52 week high of $ 94.98.
The company has a market capital of $ 5.74 billion and is part of the Consumer Cyclical sector and Lodging industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Bank of America at Neutral rating, with $ 60.00 target price.
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising. The company operates its properties under the Hyatt, Park Hyatt, Miraval, Alila, Grand Hyatt, Hyatt Regency, Andaz, Hyatt Centric, The Unbound Collection by Hyatt, Destination Hotels, Thompson Hotels, Joie de Vivre Hotels, Hyatt Place, Hyatt House, tommie, Hyatt Ziva, Hyatt Zilara, Hyatt Residence Club, Exhale, Hyatt Residences, World of Hyatt, Hyatt Centric Murano Venice, Hyatt Centric Milan Centrale, and Hyatt Resorts brands and trademarks.
