Park Hotels Q4 EPS Jumps to $0.51; Revenue Edges Up to $629M
Park Hotels & Resorts reported Q4 revenue of $629 million, up 0.6% year over year, and delivered EPS of $0.51 versus $0.17 a year ago, beating consensus by 1.4% and 7.1%, respectively. Comparable RevPAR rose 0.8% against a 1.7% estimate while room revenues slipped 1.3% to $371 million.
1. Q4 Revenue and EPS Performance
Park Hotels & Resorts reported fourth-quarter revenue of $629 million, up 0.6% year over year, and achieved EPS of $0.51 compared to $0.17 a year earlier, representing a 7.1% beat over the $0.48 consensus estimate.
2. Segment Performance Versus Estimates
Comparable RevPAR increased 0.8%, below the 1.7% analyst estimate, while room revenues declined 1.3% to $371 million against the $374.05 million expected. Ancillary, food and beverage, and other revenues rose 1.7%, 3.6%, and 9.1% year over year respectively.
3. Share Performance and Outlook
Shares have fallen 1.3% over the past month versus a 0.8% S&P 500 decline. Analysts have assigned a Sell rating, indicating potential underperformance in the near term.