The upcoming report from Ryman Hospitality Properties (RHP) is expected to reveal quarterly earnings of $2.22 per share, indicating an increase of 3.3% compared to the year-ago period. Analysts forecast revenues of $721.35 million, representing an increase of 11.4% year over year.
The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Ryman Hospitality Properties metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenues- Entertainment' will likely reach $109.05 million. The estimate indicates a change of +11.1% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Hospitality' at $614.63 million. The estimate suggests a change of +11.9% year over year.
The consensus estimate for 'Total RevPAR - Hospitality' stands at $550.06 . The estimate compares to the year-ago value of $523.24 .
The collective assessment of analysts points to an estimated 'Depreciation and amortization' of $79.77 million.
View all Key Company Metrics for Ryman Hospitality Properties here>>>
Shares of Ryman Hospitality Properties have experienced a change of +9.2% in the past month compared to the -1.3% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), RHP is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ryman Hospitality Properties, Inc. (RHP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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