Hotel franchising company Wyndham (NYSE:WH) will be reporting results this Wednesday after market close. Here’s what you need to know.
Wyndham met analysts’ revenue expectations last quarter, reporting revenues of $316 million, up 3.6% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but a miss of analysts’ adjusted operating income estimates.
Is Wyndham a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Wyndham’s revenue to grow 5.5% year on year to $387.3 million, improving from the 1.4% increase it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 8 analysts). Wyndham has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Wyndham’s peers in the travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 9.5%, beating analysts’ expectations by 1.7%, and Delta reported flat revenue, topping estimates by 1.5%. Carnival traded up 5.9% following the results while Delta was also up 11.9%.
Read our full analysis of Carnival’s results here and Delta’s results here.
There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 11.3% on average over the last month. Wyndham is up 8.2% during the same time.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.