Analysts anticipate Park Hotels & Resorts to report an earnings per share (EPS) of $0.50.
Park Hotels & Resorts bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
In the previous earnings release, the company beat EPS by $0.02, leading to a 2.06% drop in the share price the following trading session.
Here's a look at Park Hotels & Resorts's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.63
0.44
EPS Actual
0.65
0.52
0.52
0.51
Price Change %
-2.0%
-1.0%
5.0%
12.0%
Stock Performance
Shares of Park Hotels & Resorts were trading at $13.89 as of October 25. Over the last 52-week period, shares are up 22.2%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Perspectives on Park Hotels & Resorts
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Park Hotels & Resorts.
The consensus rating for Park Hotels & Resorts is Neutral, based on 5 analyst ratings. With an average one-year ...
