Hotel franchising company Wyndham (NYSE:WH) will be reporting results this Wednesday after market close. Here’s what to look for.
Wyndham missed analysts’ revenue expectations last quarter, reporting revenues of $375 million, down 5.5% year on year. It was a slower quarter for the company, with full-year EBITDA guidance meeting analysts’ expectations.
Is Wyndham a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Wyndham’s revenue to grow 7.4% year on year, a reversal from the 3.5% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Wyndham has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Wyndham’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 3.5%, beating analysts’ expectations by 1.1%, and Delta reported revenues up 21.1%, topping estimates by 4.1%. Carnival traded up 10.8% following the results while Delta was down 2.5%.
Read our full analysis of Carnival’s results here and Delta’s results here.
Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. Wyndham is up 13.4% during the same time and is heading into earnings with an average analyst price target of $96.28 (compared to the current share price of $76.16).
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